MorganRosel Wealth Management LLC Sells 117 Shares of Apple Inc. (NASDAQ:AAPL)

MorganRosel Wealth Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,279 shares of the iPhone maker’s stock after selling 117 shares during the quarter. Apple comprises approximately 0.8% of MorganRosel Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. MorganRosel Wealth Management LLC’s holdings in Apple were worth $1,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Conservest Capital Advisors Inc. grew its holdings in shares of Apple by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares during the last quarter. High Pines Wealth Management LLC grew its holdings in shares of Apple by 0.7% in the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares during the last quarter. Kraft Davis & Associates LLC boosted its holdings in Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares in the last quarter. Asset Planning Corporation boosted its holdings in Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares in the last quarter. Finally, Columbus Macro LLC boosted its holdings in Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AAPL shares. Monness Crespi & Hardt lifted their price target on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson started coverage on shares of Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Citigroup reiterated a “buy” rating and issued a $225.00 price target on shares of Apple in a report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price target on shares of Apple in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $203.34.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $168.00 on Thursday. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The business has a 50-day simple moving average of $175.57 and a two-hundred day simple moving average of $182.21. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $2.59 trillion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. Apple’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

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.