Grey Fox Wealth Advisors LLC Decreases Holdings in Apple Inc. (NASDAQ:AAPL)

Grey Fox Wealth Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,481 shares of the iPhone maker’s stock after selling 438 shares during the quarter. Apple comprises about 1.7% of Grey Fox Wealth Advisors LLC’s holdings, making the stock its 11th largest position. Grey Fox Wealth Advisors LLC’s holdings in Apple were worth $4,541,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the period. Gilfoyle & Co LLC lifted its stake in Apple by 118.0% during the fourth 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 last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple in the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in Apple during the fourth quarter valued at about $85,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 346,270 shares of company stock valued at $60,880,196. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Apple in a research note on Tuesday, June 11th. Rosenblatt Securities restated a “neutral” rating and issued a $196.00 price objective on shares of Apple in a report on Tuesday, June 11th. UBS Group reiterated a “neutral” rating and set a $190.00 target price on shares of Apple in a report on Tuesday, June 11th. Tigress Financial increased their price target on shares of Apple from $240.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Sanford C. Bernstein raised their price objective on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.46.

Apple Stock Up 0.4 %

Shares of AAPL stock opened at $209.07 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. Apple Inc. has a one year low of $164.07 and a one year high of $220.20. The company’s fifty day moving average price is $189.37 and its 200-day moving average price is $184.94. The company has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.52 and a beta of 1.25.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same period last year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple announced that its board has authorized a share repurchase program on Thursday, May 2nd that allows the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, May 10th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

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.