Firethorn Wealth Partners LLC Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Firethorn Wealth Partners LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,083 shares of the iPhone maker’s stock after selling 164 shares during the period. Apple accounts for approximately 2.7% of Firethorn Wealth Partners LLC’s holdings, making the stock its 6th biggest holding. Firethorn Wealth Partners LLC’s holdings in Apple were worth $4,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wyrmwood Management LLC raised its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC raised its position in Apple by 118.0% in the 4th 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. PayPay Securities Corp lifted its stake in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. boosted its position in shares of Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Apple during the fourth quarter valued at approximately $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. UBS Group restated a “hold” rating and issued a $190.00 price target on shares of Apple in a report on Monday, March 25th. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, April 9th. Loop Capital dropped their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target on shares of Apple in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.62.

Apple Stock Down 1.8 %

Shares of AAPL stock opened at $170.33 on Wednesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The firm has a market capitalization of $2.63 trillion, a PE ratio of 26.53, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock’s 50-day simple moving average is $172.64 and its 200-day simple moving average is $181.71.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the prior year, the company earned $1.88 EPS. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s dividend payout ratio is presently 14.95%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s 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 transaction, 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. Over the last three months, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is owned by insiders.

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.