Holland Advisory Services Inc. Purchases 749 Shares of Apple Inc. (NASDAQ:AAPL)

Holland Advisory Services Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,026 shares of the iPhone maker’s stock after acquiring an additional 749 shares during the quarter. Apple makes up approximately 1.8% of Holland Advisory Services Inc.’s holdings, making the stock its 8th biggest holding. Holland Advisory Services Inc.’s holdings in Apple were worth $1,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Atlantic Private Wealth LLC purchased a new position in Apple during the first quarter worth approximately $30,000. Wyrmwood Management LLC raised its stake in 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 during the period. Gilfoyle & Co LLC raised its stake in 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 during the period. Summit Wealth Group LLC raised its stake in Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares during the period. Finally, HBC Financial Services PLLC raised its stake in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Trading Down 1.2 %

Shares of AAPL stock opened at $165.00 on Monday. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $174.67 and its two-hundred day moving average is $182.17. The company has a market cap of $2.55 trillion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.58%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Monness Crespi & Hardt raised their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays cut their target price on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research note on Friday, February 2nd. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, February 2nd. 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $203.34.

Apple 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.