Arcadia Wealth Management LLC Buys 89 Shares of Apple Inc. (NASDAQ:AAPL)

Arcadia Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,676 shares of the iPhone maker’s stock after acquiring an additional 89 shares during the period. Arcadia Wealth Management LLC’s holdings in Apple were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. increased its holdings in Apple by 5.5% in the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after acquiring an additional 598 shares during the last quarter. RFG Advisory LLC increased 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 in the last quarter. Headinvest LLC raised its position in shares of Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after buying an additional 10,425 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after buying an additional 279,311 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the business’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 sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 0.6 %

Shares of Apple stock opened at $166.90 on Wednesday. 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 Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The company has a market cap of $2.58 trillion, a P/E ratio of 26.00, a PEG ratio of 1.99 and a beta of 1.27. The company’s fifty day simple moving average is $173.88 and its two-hundred day simple moving average is $182.03.

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

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of analyst reports. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. JPMorgan Chase & Co. reduced their target price on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Citigroup reissued a “buy” rating and issued a $225.00 price target on shares of Apple in a report on Friday, February 16th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $203.05.

About Apple

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.