Executive Wealth Management LLC Acquires 415 Shares of Apple Inc. (NASDAQ:AAPL)

Executive Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,619 shares of the iPhone maker’s stock after purchasing an additional 415 shares during the period. Apple comprises approximately 3.9% of Executive Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Executive Wealth Management LLC’s holdings in Apple were worth $41,321,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AAPL. Impact Partnership Wealth LLC boosted its holdings in Apple by 364.1% in the third quarter. Impact Partnership Wealth LLC now owns 42,903 shares of the iPhone maker’s stock valued at $7,345,000 after acquiring an additional 33,659 shares during the last quarter. Elevated Capital Advisors LLC lifted its position in shares of Apple by 1.0% in the 3rd quarter. Elevated Capital Advisors LLC now owns 31,111 shares of the iPhone maker’s stock worth $5,326,000 after purchasing an additional 320 shares during the period. Kirr Marbach & Co. LLC IN bought a new stake in shares of Apple in the 3rd quarter valued at $265,000. Atlas Brown Inc. boosted its stake in shares of Apple by 0.4% in the 3rd quarter. Atlas Brown Inc. now owns 75,888 shares of the iPhone maker’s stock valued at $12,993,000 after purchasing an additional 314 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Apple by 49.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 62,955 shares of the iPhone maker’s stock valued at $10,779,000 after purchasing an additional 20,911 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $183.38 on Monday. The firm has a 50-day moving average of $172.17 and a 200-day moving average of $181.67. The company has a market cap of $2.83 trillion, a P/E ratio of 28.52, a P/E/G ratio of 2.22 and a beta of 1.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a one year low of $164.07 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $90.37 billion. During the same quarter last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be issued a dividend of $0.25 per share. 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. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is 14.93%.

Apple declared that its Board of Directors has authorized a share repurchase program on Thursday, May 2nd that allows the company to buyback $110.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, February 2nd. Monness Crespi & Hardt upped their price objective on shares of Apple from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $196.00 price objective (up from $189.00) on shares of Apple in a research note on Friday. Finally, Maxim Group initiated coverage on shares of Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.11.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $84,378,155.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction 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 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. Insiders own 0.06% of the company’s stock.

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.