White Lighthouse Investment Management Inc. Sells 4,597 Shares of Apple Inc. (NASDAQ:AAPL)

White Lighthouse Investment Management Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,528 shares of the iPhone maker’s stock after selling 4,597 shares during the quarter. Apple makes up approximately 1.6% of White Lighthouse Investment Management Inc.’s holdings, making the stock its 16th biggest holding. White Lighthouse Investment Management Inc.’s holdings in Apple were worth $7,225,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Wyrmwood Management LLC raised its position in shares of Apple by 69.0% in the 4th 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 period. Gilfoyle & Co LLC raised its position in shares of Apple by 118.0% in the 4th 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 period. PayPay Securities Corp raised its position in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares during the period. Cordant Inc. raised its position in shares of Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares during the period. Finally, Life Planning Partners Inc acquired a new stake in Apple during the 4th quarter worth approximately $132,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AAPL shares. Loop Capital dropped their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and dropped their target price for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. dropped their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, DA Davidson started coverage on shares of Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Stock Up 1.3 %

AAPL stock opened at $169.02 on Thursday. The company has a market cap of $2.61 trillion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The business has a 50-day simple moving average of $173.58 and a 200 day simple moving average of $181.94. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

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

Apple Announces Dividend

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

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

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.