Apple Inc. (NASDAQ:AAPL) Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,711 shares of the iPhone maker’s stock after acquiring an additional 5,898 shares during the quarter. Apple accounts for approximately 6.5% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Apple were worth $34,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Private Wealth LLC bought a new stake in Apple in the first quarter valued at approximately $30,000. Wyrmwood Management LLC boosted its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC boosted its holdings in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Summit Wealth Group LLC boosted its holdings in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Down 1.2 %

NASDAQ AAPL opened at $165.00 on Friday. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The stock has a market cap of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.03 and a beta of 1.27. The stock’s fifty day moving average price is $174.67 and its 200-day moving average price is $182.04. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS 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 firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Activity at Apple

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAPL. Wedbush restated an “outperform” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Piper Sandler Companies cut Apple to a “neutral” rating and cut their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $203.34.

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.