Apple Inc. (NASDAQ:AAPL) Shares Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 40.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,785 shares of the iPhone maker’s stock after purchasing an additional 3,108 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Apple were worth $2,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Drystone LLC purchased a new position in shares of Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple during the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the third quarter valued at about $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s 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 completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and set a $263.00 price objective on shares of Apple in a research note on Thursday. Bank of America dropped their price target on Apple from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Apple Stock Down 7.3 %

Shares of Apple stock opened at $188.38 on Friday. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a market capitalization of $2.83 trillion, a P/E ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.26. The business’s fifty day moving average price is $229.45 and its two-hundred day moving average price is $233.07. 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 (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. As a group, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Apple’s dividend payout ratio is presently 15.87%.

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.