Apple Inc. (NASDAQ:AAPL) is Virginia Wealth Management Group Inc.’s 5th Largest Position

Virginia Wealth Management Group Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,618 shares of the iPhone maker’s stock after purchasing an additional 102 shares during the period. Apple makes up about 3.4% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 5th biggest holding. Virginia Wealth Management Group Inc.’s holdings in Apple were worth $5,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. State Street Corp increased its holdings in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC raised its position in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the last quarter. FMR LLC lifted its stake in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Down 7.3 %

Shares of AAPL opened at $188.38 on Friday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a 50 day simple moving average of $229.45 and a two-hundred day simple moving average of $232.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $2.83 trillion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday. Monness Crespi & Hardt raised their price target on Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Evercore ISI boosted their price target on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

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.