Opal Wealth Advisors LLC Buys 1,096 Shares of Apple Inc. (NASDAQ:AAPL)

Opal Wealth Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,245 shares of the iPhone maker’s stock after buying an additional 1,096 shares during the quarter. Apple makes up 2.3% of Opal Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding. Opal Wealth Advisors LLC’s holdings in Apple were worth $5,823,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingdom Financial Group LLC. grew its stake in shares of Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Apple by 13.6% in the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Headinvest LLC grew its stake in shares of Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Apple by 16.1% in the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after purchasing an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after acquiring an additional 279,311 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAPL. Citigroup reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, April 9th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and upped their price target for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $203.34.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.6 %

Shares of AAPL stock opened at $167.04 on Friday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. 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 company has a 50-day simple moving average of $175.15 and a two-hundred day simple moving average of $182.10. The company has a market capitalization of $2.58 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

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

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.