Evexia Wealth LLC Holds $12.48 Million in Apple Inc. (NASDAQ:AAPL)

Evexia Wealth LLC has adjusted its stock holdings in Apple Inc. (NASDAQ:AAPL) by reducing its stake by 3.0% in the second quarter, according to reports. After selling 1,715 shares during this period, the firm now owns 55,711 shares in the technology giant. This investment in Apple represents about 3.4% of Evexia Wealth LLC's overall portfolio, making it the firm's fifth-largest holding. As per the latest filing with the SEC, the value of Evexia's Apple stock is estimated at $12,477,000.

In addition to Evexia Wealth LLC, several other institutional investors have been active in buying and selling Apple shares recently. Vanguard Group Inc. increased its stake by 1.4% in the fourth quarter, now holding approximately 1.32 billion shares valued at around $253.77 billion, after acquiring an additional 18.07 million shares. Similarly, Swedbank AB has entered a new position valued at about $3.03 billion during the first quarter. Global Assets Advisory LLC saw a significant increase, boosting its position by 23,076.4% and now owns over 9.24 million shares valued at $1.58 billion. The Canada Pension Plan Investment Board also increased its holdings by 158.3%, owning 11.53 million shares valued at about $1.98 billion. Furthermore, Lazard Asset Management LLC raised its stake by 161.2%, owning nearly 8.76 million shares worth approximately $1.50 billion. Overall, institutional investors hold around 60.41% of Apple's stock.

Wall Street Analyst Insights

Analysts from various equity research firms have expressed their outlook on Apple's stock recently. Piper Sandler maintained a "neutral" rating on AAPL shares, setting a price target of $225. Bank of America reaffirmed a "buy" rating with a target of $256. Cfra also revised its target from $240 to $260, reflecting positive sentiment, while JPMorgan Chase & Co. continued to hold an "overweight" rating, with a price target of $265. Evercore ISI maintained a "buy" rating and set a target at $250. Currently, one analyst rates Apple with a sell recommendation, while thirteen suggest holding the stock, twenty-two advocate for buying, and one has given a strong buy rating. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" with a target price of about $239.27.

Apple Stock Performance

On Friday, the stock opened at $227.55. Over the past year, Apple has reached a low of $164.07 and a high of $237.23. The 50-day moving average stands at $223.62, with a 200-day moving average of $205.95. Currently, Apple's market capitalization is $3.49 trillion, with a P/E ratio of 35.39. The company also has a PEG ratio of 2.40 and a beta of 1.24, indicating a relatively high level of volatility. Apple shows a debt-to-equity ratio of 1.29, with a current ratio of 0.95 and a quick ratio of 0.91.

In its last quarterly earnings report on August 1st, Apple posted earnings of $1.40 per share, exceeding the consensus estimate of $1.34 by $0.06. The company registered a return on equity of 147.15% and a net margin of 26.44%. During the quarter, total revenue reached approximately $85.78 billion, which was above the expected $84.43 billion. This represents a year-over-year revenue growth of 4.9%. Analysts predict that Apple will report approximately $6.65 earnings per share for the current fiscal year.

Dividend Announcement

Recently, Apple announced a quarterly dividend, which was paid on August 15th. This dividend was set at $0.25 per share for investors who were on record as of August 12th, translating to an annual yield of 0.44%. The ex-dividend date was also on August 12th, and currently, Apple's dividend payout ratio is 15.55%.

Insider Selling Activity

In related news, Katherine L. Adams, Senior Vice President, sold 100,000 shares of Apple stock on August 5th at an average price of $206.44, totaling $20.64 million. After this transaction, she holds about 191,543 shares, worth approximately $39.54 million. Additionally, CEO Timothy D. Cook sold 223,986 shares on October 2nd at an average price of $224.46, amounting to around $50.28 million. Post-sale, Cook’s direct ownership remains at approximately 3.28 million shares valued at $736.27 million. This insider activity indicates a total of 517,924 shares sold in the last ninety days, with corporate insiders holding 0.06% of Apple’s stocks.

About Apple Inc.

Apple Inc. designs and markets a wide range of technology products globally. Its offerings include the iPhone line of smartphones, Mac personal computers, iPads, wearables, and a variety of accessories including AirPods, Apple TV, Apple Watch, Beats, and HomePod.

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Evexia, Apple, Investments