Wealthcare Capital Partners LLC Takes $3.96 Million Position in Apple Inc. (NASDAQ:AAPL)

Wealthcare Capital Partners LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,802 shares of the iPhone maker’s stock, valued at approximately $3,957,000. Apple comprises approximately 2.1% of Wealthcare Capital Partners LLC’s portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in AAPL. Sovran Advisors LLC purchased a new stake in shares of Apple during the fourth quarter worth about $12,424,000. McBroom & Associates LLC raised its position in Apple by 2.8% during the 4th quarter. McBroom & Associates LLC now owns 37,680 shares of the iPhone maker’s stock valued at $9,436,000 after purchasing an additional 1,043 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Apple in the 4th quarter worth approximately $34,267,000. Bonfire Financial bought a new stake in shares of Apple in the 4th quarter worth approximately $2,395,000. Finally, Essex Financial Services Inc. increased its stake in shares of Apple by 2.6% during the fourth quarter. Essex Financial Services Inc. now owns 330,874 shares of the iPhone maker’s stock valued at $82,858,000 after buying an additional 8,352 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Maxim Group raised their price target on Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. KeyCorp reduced their price target on shares of Apple from $200.00 to $170.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Wedbush lowered their price objective on shares of Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Finally, Raymond James upped their target price on Apple to $250.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $240.26.

Apple Trading Up 4.1 %

Shares of NASDAQ:AAPL opened at $198.15 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock’s 50-day simple moving average is $222.87 and its two-hundred day simple moving average is $231.16.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts expect 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. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their position. 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 in the last quarter. 0.06% of the stock is currently 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.