Revisor Wealth Management LLC Has $16.04 Million Position in Apple Inc. $AAPL

Revisor Wealth Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 16.8% in the 4th quarter, Holdings Channel reports. The fund owned 64,161 shares of the iPhone maker’s stock after purchasing an additional 9,221 shares during the quarter. Apple comprises 4.3% of Revisor Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Revisor Wealth Management LLC’s holdings in Apple were worth $16,035,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Acute Investment Advisory LLC boosted its position in shares of Apple by 7.3% in the fourth quarter. Acute Investment Advisory LLC now owns 1,535 shares of the iPhone maker’s stock valued at $417,000 after acquiring an additional 105 shares during the period. HighRoad Wealth Advisors LLC bought a new stake in shares of Apple in the fourth quarter valued at approximately $1,155,000. Clark Asset Management LLC boosted its position in shares of Apple by 14.3% in the fourth quarter. Clark Asset Management LLC now owns 100,525 shares of the iPhone maker’s stock valued at $27,329,000 after acquiring an additional 12,544 shares during the period. Oriental Harbor Investment Master Fund boosted its position in shares of Apple by 1.0% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 341,548 shares of the iPhone maker’s stock valued at $92,853,000 after acquiring an additional 3,546 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management boosted its position in shares of Apple by 105.8% in the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 17,109 shares of the iPhone maker’s stock valued at $4,651,000 after acquiring an additional 8,795 shares during the period. 67.73% of the stock is owned by institutional investors.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $300.23 on Friday. The business has a fifty day moving average of $265.37 and a 200-day moving average of $267.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a twelve month low of $193.46 and a twelve month high of $303.20. The firm has a market cap of $4.41 trillion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.06.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.27 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective for the company in a research report on Friday, April 17th. TD Cowen reissued a “buy” rating and issued a $335.00 price objective (up from $325.00) on shares of Apple in a research report on Friday, May 1st. Barclays reissued an “underweight” rating and issued a $253.00 price objective (up from $248.00) on shares of Apple in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Apple in a research report on Tuesday, April 21st. Finally, DA Davidson reissued a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.74.

Read Our Latest Research Report on AAPL

Insiders Place Their Bets

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is owned by corporate insiders.

About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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