Realta Investment Advisors Has $30.12 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Realta Investment Advisors lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,424 shares of the iPhone maker’s stock after selling 2,592 shares during the period. Apple comprises 6.8% of Realta Investment Advisors’ holdings, making the stock its largest position. Realta Investment Advisors’ holdings in Apple were worth $30,116,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kingdom Financial Group LLC. increased its holdings in Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares in the last quarter. RFG Advisory LLC increased its holdings in Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Headinvest LLC increased its holdings in Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares in the last quarter. Tsfg LLC increased its holdings in Apple by 2.2% during the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock worth $8,722,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after purchasing an additional 10,425 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 1.9 %

Shares of AAPL stock opened at $169.38 on Wednesday. The firm has a 50 day moving average price of $176.00 and a two-hundred day moving average price of $182.31. 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 company has a market capitalization of $2.62 trillion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. As a group, analysts predict that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity

In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AAPL shares. JPMorgan Chase & Co. lowered their target price on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Monness Crespi & Hardt increased their target price on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Oppenheimer restated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and raised their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Finally, DZ Bank restated a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.08.

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.