Opal Wealth Advisors LLC Buys 2,174 Shares of Apple Inc. (NASDAQ:AAPL)

Opal Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,222 shares of the iPhone maker’s stock after purchasing an additional 2,174 shares during the quarter. Apple comprises approximately 4.5% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Opal Wealth Advisors LLC’s holdings in Apple were worth $15,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its position in Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares during the last quarter. Latitude Advisors LLC boosted its stake in shares of Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after acquiring an additional 50 shares in the last quarter. Etesian Wealth Advisors Inc. grew its holdings in shares of Apple by 2.4% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 34,243 shares of the iPhone maker’s stock worth $7,979,000 after acquiring an additional 796 shares during the last quarter. KFA Private Wealth Group LLC raised its position in shares of Apple by 3.5% during the third quarter. KFA Private Wealth Group LLC now owns 15,381 shares of the iPhone maker’s stock worth $3,584,000 after purchasing an additional 522 shares during the period. Finally, Alta Wealth Advisors LLC lifted its holdings in shares of Apple by 6.3% during the third quarter. Alta Wealth Advisors LLC now owns 38,139 shares of the iPhone maker’s stock valued at $8,886,000 after purchasing an additional 2,269 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Trading Up 4.1 %

Shares of AAPL stock opened at $198.15 on Friday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market cap of $2.98 trillion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $222.87 and its two-hundred day moving average is $231.14.

Apple (NASDAQ:AAPL) last announced its 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%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AAPL shares. DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and cut their price target for the company from $202.33 to $167.88 in a report on Wednesday. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Raymond James boosted their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.26.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’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 completion of the sale, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. 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 90 days. 0.06% of the stock is currently owned by insiders.

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.