Strategic Planning Group LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,853 shares of the iPhone maker's stock after purchasing an additional 17,238 shares during the period. Apple comprises approximately 4.6% of Strategic Planning Group LLC's investment portfolio, making the stock its 3rd biggest holding. Strategic Planning Group LLC's holdings in Apple were worth $28,078,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Apple by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after buying an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock valued at $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Apple by 573,627.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Norges Bank acquired a new position in shares of Apple in the fourth quarter valued at $46,868,648,000. Finally, Northern Trust Corp boosted its position in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Apple
In related news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company's stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.
Apple Stock Performance
NASDAQ:AAPL opened at $257.13 on Friday. The company has a fifty day moving average of $232.20 and a 200-day moving average of $214.38. The firm has a market capitalization of $3.82 trillion, a P/E ratio of 39.02, a P/E/G ratio of 2.48 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 15.78%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on AAPL. Tigress Financial upped their price objective on shares of Apple from $300.00 to $305.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, September 17th. The Goldman Sachs Group restated a "buy" rating and issued a $266.00 price target on shares of Apple in a research note on Tuesday, August 26th. Evercore ISI set a $290.00 price objective on shares of Apple and gave the company an "outperform" rating in a report on Friday, September 26th. Barclays raised their price objective on shares of Apple from $173.00 to $180.00 and gave the company an "underweight" rating in a report on Friday, August 1st. Finally, Morgan Stanley set a $298.00 price objective on shares of Apple and gave the company an "overweight" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $247.51.
Read Our Latest Stock Analysis on AAPL
Apple Company Profile
(
Free Report)
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.
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