Dopkins Wealth Management LLC Has $1.88 Million Position in Apple Inc. (NASDAQ:AAPL)

Dopkins Wealth Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,740 shares of the iPhone maker’s stock after selling 3,219 shares during the period. Apple accounts for about 1.5% of Dopkins Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Dopkins Wealth Management LLC’s holdings in Apple were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AAPL. International Assets Investment Management LLC raised its holdings in Apple by 14,395.4% during the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after purchasing an additional 70,212,651 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Apple during the fourth quarter worth $560,388,000. Hudson Bay Capital Management LP bought a new position in Apple during the third quarter worth $487,435,000. Barclays PLC lifted its holdings in Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares during the period. Finally, Morgan Stanley boosted its position in Apple by 1.0% during the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after acquiring an additional 2,018,010 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Up 6.0 %

Shares of AAPL opened at $183.38 on Friday. The business’s 50-day moving average price is $172.17 and its 200-day moving average price is $181.60. 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 Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. The stock has a market cap of $2.83 trillion, a PE ratio of 28.52, a P/E/G ratio of 2.09 and a beta of 1.26.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 153.25%. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same period in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 6.53 EPS for the current fiscal year.

Apple announced that its Board of Directors has initiated a share buyback plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be paid a $0.25 dividend. This is an increase from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, May 10th. Apple’s dividend payout ratio (DPR) is currently 14.93%.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The shares were 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 approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last three months. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AAPL. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Loop Capital lowered their target price on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Bank of America increased their price target on Apple from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group lifted their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Friday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.00.

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.