Apple Inc. (NASDAQ:AAPL) Shares Acquired by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC increased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 41.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,378 shares of the iPhone maker's stock after buying an additional 9,785 shares during the period. Apple comprises about 3.9% of Spectrum Wealth Advisory Group LLC's holdings, making the stock its 8th largest position. Spectrum Wealth Advisory Group LLC's holdings in Apple were worth $8,358,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Drystone LLC purchased a new position in Apple in the 4th quarter valued at about $25,000. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,451 shares of company stock worth $40,818,720. Insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of NASDAQ:AAPL traded down $1.17 during trading on Friday, hitting $207.20. 12,567,004 shares of the company traded hands, compared to its average volume of 56,642,469. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business's fifty day moving average is $216.41 and its 200-day moving average is $229.42. The stock has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a one year low of $168.15 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple's dividend payout ratio is presently 15.87%.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. TD Cowen reiterated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Oppenheimer downgraded shares of Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Maxim Group raised their target price on shares of Apple to $215.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. KeyCorp raised shares of Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their price target on shares of Apple from $252.00 to $220.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $233.88.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.