Koss Olinger Consulting LLC Buys 8,492 Shares of Apple Inc. (NASDAQ:AAPL)

Koss Olinger Consulting LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,503 shares of the iPhone maker's stock after purchasing an additional 8,492 shares during the period. Apple accounts for approximately 0.6% of Koss Olinger Consulting LLC's portfolio, making the stock its 29th largest position. Koss Olinger Consulting LLC's holdings in Apple were worth $6,637,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AAPL. Vinva Investment Management Ltd increased its position in shares of Apple by 12.4% during the fourth quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker's stock valued at $192,700,000 after buying an additional 83,997 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Apple during the 3rd quarter worth approximately $4,972,000. SYM FINANCIAL Corp grew its holdings in shares of Apple by 6.3% during the 3rd quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock worth $6,670,000 after acquiring an additional 1,695 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Apple by 9.2% in the 4th quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker's stock worth $5,308,000 after acquiring an additional 1,779 shares in the last quarter. Finally, Berkshire Bank lifted its stake in shares of Apple by 2.7% in the 4th quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker's stock valued at $22,433,000 after purchasing an additional 2,360 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL stock traded down $0.94 on Friday, hitting $199.01. The company had a trading volume of 70,744,759 shares, compared to its average volume of 56,305,937. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 1.27. The stock's 50-day simple moving average is $203.59 and its 200 day simple moving average is $225.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $94.04 billion. During the same period last year, the business posted $1.53 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio (DPR) is presently 16.20%.

Apple announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and issued a $270.00 price target on shares of Apple in a research note on Friday, May 16th. Citigroup reaffirmed a "cautious" rating on shares of Apple in a research report on Monday, May 5th. UBS Group lowered their price target on shares of Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group restated an "underperform" rating and issued a $170.62 price objective (up previously from $167.88) on shares of Apple in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $235.80.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. Insiders own 0.06% of the company's stock.

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.