Little House Capital LLC Has $21.43 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Little House Capital LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,485 shares of the iPhone maker's stock after selling 7,416 shares during the period. Apple comprises 5.9% of Little House Capital LLC's portfolio, making the stock its largest holding. Little House Capital LLC's holdings in Apple were worth $21,432,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Conquis Financial LLC acquired a new position in Apple during the fourth quarter worth $63,000. LSV Asset Management bought a new position in Apple during the fourth quarter worth about $65,000. Pillar Financial Advisors LLC acquired a new stake in shares of Apple during the fourth quarter worth about $82,000. Compass Planning Associates Inc acquired a new stake in shares of Apple during the fourth quarter worth about $96,000. Finally, Collier Financial acquired a new stake in shares of Apple during the fourth quarter worth about $140,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

AAPL traded down $2.06 during trading hours on Friday, hitting $230.73. The stock had a trading volume of 31,276,517 shares, compared to its average volume of 57,842,020. The stock has a market cap of $3.42 trillion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 2.44 and a beta of 1.16. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company's fifty day simple moving average is $209.13 and its 200 day simple moving average is $213.37.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%. The business had revenue of $94.04 billion during the quarter, compared to analysts' expectations of $88.64 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm's revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 11th. Apple's payout ratio is presently 15.78%.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Raymond James Financial reiterated an "outperform" rating and set a $240.00 target price (up from $230.00) on shares of Apple in a research note on Friday, August 1st. TD Cowen reduced their price target on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. UBS Group boosted their price target on Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Bank of America upped their target price on Apple from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $237.60.

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.