Investors Asset Management of Georgia Inc. GA ADV Has $2.88 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Investors Asset Management of Georgia Inc. GA ADV decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,815 shares of the iPhone maker’s stock after selling 357 shares during the period. Apple accounts for approximately 1.4% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 16th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Apple were worth $2,883,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. grew its position in shares of Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the period. RFG Advisory LLC grew its holdings in Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after acquiring an additional 20,737 shares during the period. Headinvest LLC raised its position in shares of Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after acquiring an additional 872 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Apple by 16.1% in the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after purchasing an additional 10,425 shares during the period. Finally, DNB Asset Management AS boosted its position in shares of Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after purchasing an additional 279,311 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AAPL shares. UBS Group reiterated a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. DZ Bank reiterated a “hold” rating and issued a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Morgan Stanley decreased their price objective on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Finally, Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated 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 transaction, 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 through the SEC website. In other 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 completion of 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 filing with the SEC, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of AAPL traded down $0.59 during midday trading on Friday, reaching $169.30. The stock had a trading volume of 44,717,137 shares, compared to its average volume of 53,363,952. The firm has a market cap of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. The firm has a 50 day simple moving average of $173.04 and a 200-day simple moving average of $181.79. Apple Inc. has a one year low of $164.07 and a one year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.88 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

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.