WFA Asset Management Corp Has $8.17 Million Holdings in Apple Inc. (NASDAQ:AAPL)

WFA Asset Management Corp lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,609 shares of the iPhone maker's stock after selling 1,552 shares during the period. Apple comprises 4.4% of WFA Asset Management Corp's holdings, making the stock its 9th largest position. WFA Asset Management Corp's holdings in Apple were worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. High Net Worth Advisory Group LLC grew its position in Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock valued at $14,916,000 after purchasing an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new position in shares of Apple in the 3rd quarter valued at about $288,000. Sterling Investment Counsel LLC grew its holdings in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after acquiring an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners increased its position in shares of Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after acquiring an additional 3,935 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

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

Apple Price Performance

NASDAQ:AAPL traded down $20.70 during trading hours on Thursday, reaching $203.19. 103,138,666 shares of the company were exchanged, compared to its average volume of 55,023,419. The business has a 50 day moving average of $230.14 and a 200 day moving average of $233.15. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market capitalization of $3.05 trillion, a P/E ratio of 32.25, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. Tigress Financial boosted their price target on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Loop Capital cut shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Maxim Group lifted their price objective on shares of Apple to $215.00 and gave the company a "hold" rating in a research report on Friday, February 21st. Finally, Evercore ISI upped their target price on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $245.26.

Apple Company Profile

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.