Apple Inc. (NASDAQ:AAPL) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 86,625 shares of the iPhone maker’s stock after acquiring an additional 6,962 shares during the period. Apple comprises about 4.3% of Lineweaver Wealth Advisors LLC’s holdings, making the stock its 4th biggest holding. Lineweaver Wealth Advisors LLC’s holdings in Apple were worth $16,679,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC purchased a new stake in shares of Apple in the first quarter valued at about $30,000. Wyrmwood Management LLC lifted its position in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted its position in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Summit Wealth Group LLC raised its holdings in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares in the last quarter. Finally, HBC Financial Services PLLC raised its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.6 %

NASDAQ:AAPL opened at $167.04 on Friday. Apple Inc. has a 1 year low of $162.80 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 stock has a market cap of $2.58 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27. The stock has a 50-day moving average price of $175.15 and a two-hundred day moving average price of $182.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. As a group, equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AAPL shares. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 price target for the company. in a research note on Wednesday, January 10th. Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective on shares of Apple in a research report on Friday, March 22nd. Finally, DA Davidson began coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $203.34.

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.