Apple Inc. (NASDAQ:AAPL) Shares Bought by RFG Holdings Inc.

RFG Holdings Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 9,593 shares of the iPhone maker’s stock after purchasing an additional 416 shares during the quarter. Apple comprises 0.8% of RFG Holdings Inc.’s investment portfolio, making the stock its 15th biggest position. RFG Holdings Inc.’s holdings in Apple were worth $2,405,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AAPL. O Connor Financial Group LLC lifted its holdings in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. raised its position in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after purchasing an additional 46 shares during the last quarter. Menard Financial Group LLC boosted its holdings in Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after purchasing an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after purchasing an additional 48 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 9.2 %

Apple stock opened at $203.19 on Friday. The stock’s 50 day moving average price is $230.14 and its 200 day moving average price is $233.15. The company has a market cap of $3.05 trillion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAPL. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $245.26.

About Apple

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.