Personal CFO Solutions LLC Increases Stake in Apple Inc. (NASDAQ:AAPL)

Personal CFO Solutions LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,617 shares of the iPhone maker's stock after purchasing an additional 3,588 shares during the period. Apple accounts for approximately 5.4% of Personal CFO Solutions LLC's portfolio, making the stock its 2nd largest holding. Personal CFO Solutions LLC's holdings in Apple were worth $27,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Drystone LLC bought a new stake in shares of Apple in the 4th quarter worth approximately $25,000. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter worth $71,000. Pillar Financial Advisors LLC bought a new position in Apple during the fourth quarter valued at approximately $82,000. Teachers Insurance & Annuity Association of America bought a new position in Apple during the third quarter valued at approximately $77,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Apple in the 4th quarter valued at approximately $96,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company's stock, valued at $87,377,116.59. This trade represents a 8.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 191,507 shares of company stock worth $42,694,080 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 1.2%

AAPL traded down $2.48 on Monday, hitting $208.78. The company had a trading volume of 45,304,005 shares, compared to its average volume of 55,954,362. The stock has a fifty day moving average price of $206.09 and a 200-day moving average price of $226.67. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. 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 $3.12 trillion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Apple's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. This is a boost from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Analyst Ratings Changes

Several research firms have commented on AAPL. Bank of America reduced their price objective on Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Monness Crespi & Hardt reduced their target price on Apple from $260.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Raymond James decreased their price target on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, DA Davidson raised their price target on Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

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.