Lewis Asset Management LLC Purchases Shares of 69,162 Apple Inc. (NASDAQ:AAPL)

Lewis Asset Management LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 69,162 shares of the iPhone maker’s stock, valued at approximately $13,316,000. Apple makes up about 12.2% of Lewis Asset Management LLC’s portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC increased its position in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. PayPay Securities Corp increased its position in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. increased its position in shares of Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Apple during the 4th quarter valued at about $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Robert W. Baird increased their price objective on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler Companies lowered Apple to a “neutral” rating and reduced their price objective for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Loop Capital reduced their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. DA Davidson started coverage on Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target on the stock. Finally, UBS Group restated a “hold” rating and set a $190.00 price target on shares of Apple in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction on 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 in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction on 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 in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now 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 insiders.

Apple Trading Up 0.5 %

AAPL opened at $169.89 on Friday. The stock has a market cap of $2.62 trillion, a PE ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average of $173.30 and a 200-day moving average of $181.85. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62.

Apple (NASDAQ:AAPL) last released its 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 company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 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.