Revisor Wealth Management LLC Sells 3,359 Shares of Apple Inc. (NASDAQ:AAPL)

Revisor Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,969 shares of the iPhone maker’s stock after selling 3,359 shares during the period. Apple accounts for approximately 1.5% of Revisor Wealth Management LLC’s holdings, making the stock its 12th biggest position. Revisor Wealth Management LLC’s holdings in Apple were worth $1,342,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wyrmwood Management LLC boosted its holdings in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the period. Atlantic Private Wealth LLC bought a new stake in Apple in the 1st quarter valued at $30,000. Cheyne Capital Management UK LLP boosted its holdings in Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after purchasing an additional 550 shares during the period. West Tower Group LLC bought a new stake in Apple in the 2nd quarter valued at $64,000. Finally, HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. 60.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group reissued a “hold” rating and issued a $190.00 price target on shares of Apple in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $220.00 price target on shares of Apple in a report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. Finally, Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.27.

Apple Trading Up 2.1 %

AAPL opened at $173.31 on Thursday. 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 capitalization of $2.68 trillion, a PE ratio of 27.00, a PEG ratio of 2.06 and a beta of 1.29. Apple Inc. has a 1-year low of $155.98 and a 1-year high of $199.62. The firm has a 50-day moving average price of $181.68 and a two-hundred day moving average price of $182.73.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. As a group, equities analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Activity

In other 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

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.