Walkner Condon Financial Advisors LLC Grows Stock Position in Apple Inc. (NASDAQ:AAPL)

Walkner Condon Financial Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,550 shares of the iPhone maker’s stock after purchasing an additional 2,043 shares during the quarter. Apple makes up about 2.6% of Walkner Condon Financial Advisors LLC’s investment portfolio, making the stock its 5th largest position. Walkner Condon Financial Advisors LLC’s holdings in Apple were worth $11,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kingdom Financial Group LLC. grew its stake in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC lifted its holdings in Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares in the last quarter. Headinvest LLC lifted its holdings in Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after buying an additional 872 shares in the last quarter. Sound Income Strategies LLC boosted its position in Apple by 16.1% in 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 during the last quarter. Finally, DNB Asset Management AS increased its stake in shares of Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after buying an additional 279,311 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 0.3 %

Shares of AAPL stock opened at $169.30 on Friday. The firm’s fifty day moving average price is $173.04 and its two-hundred day moving average price is $181.79. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a PEG ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. On average, equities analysts predict that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

The firm 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. 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 dividend payout ratio (DPR) is presently 14.95%.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’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 in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AAPL shares. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Maxim Group started coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. Finally, DZ Bank reaffirmed a “hold” rating and issued a $180.00 price objective on shares of Apple in a research note on Thursday, March 28th. One investment 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $203.05.

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.