Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 203,754 shares of the iPhone maker's stock after selling 1,423 shares during the quarter. Apple comprises approximately 3.8% of Valley Wealth Managers Inc.'s portfolio, making the stock its 2nd largest position. Valley Wealth Managers Inc.'s holdings in Apple were worth $51,024,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Amara Financial LLC. purchased a new position in Apple in the third quarter valued at $288,000. Silicon Valley Capital Partners raised its position in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after buying an additional 3,935 shares during the period. Vestcor Inc increased its stake in shares of Apple by 10.1% during the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock worth $87,501,000 after buying an additional 34,414 shares during the period. Finally, 5th Street Advisors LLC lifted its stake in Apple by 32.9% in the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after acquiring an additional 3,736 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,021 shares of company stock worth $41,760,140 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday. Monness Crespi & Hardt increased their price objective on Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Wedbush cut their target price on Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $233.88.

Apple Stock Performance

Shares of Apple stock traded up $0.91 on Friday, reaching $209.28. 38,183,408 shares of the stock were exchanged, compared to its average volume of 56,765,376. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.14 trillion, a PE ratio of 33.22, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 1-year low of $169.11 and a 1-year high of $260.10. The business has a fifty day moving average price of $216.41 and a two-hundred day moving average price of $229.42.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. Apple's dividend payout ratio (DPR) is presently 15.87%.

Apple 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.