Holistic Financial Partners Has $3.64 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Holistic Financial Partners lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,520 shares of the iPhone maker's stock after buying an additional 2,296 shares during the period. Apple makes up about 1.8% of Holistic Financial Partners' investment portfolio, making the stock its 13th largest holding. Holistic Financial Partners' holdings in Apple were worth $3,636,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Drystone LLC bought a new position in shares of Apple in the 4th quarter valued at approximately $25,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth about $77,000. Compass Planning Associates Inc acquired a new stake in shares of Apple during the fourth quarter worth approximately $96,000. Finally, ARK Investment Management LLC acquired a new position in Apple during the 3rd quarter worth about $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AAPL shares. DA Davidson increased their price target on Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Friday. Tigress Financial increased their target price on shares of Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, April 3rd. Scotiabank downgraded Apple to a "market perform" rating in a report on Friday. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 price objective on the stock. in a research note on Friday. Finally, Loop Capital cut their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.80.

Insider Activity

In related news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were 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 directly owns 390,059 shares of the company's stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 over the last three months. Insiders own 0.06% of the company's stock.

Apple Trading Down 3.1 %

AAPL stock traded down $6.46 during midday trading on Monday, hitting $198.89. The stock had a trading volume of 67,364,869 shares, compared to its average volume of 56,243,494. The company's 50-day moving average price is $212.15 and its 200 day moving average price is $228.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The firm has a market cap of $2.99 trillion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict 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 will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. 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. Apple's dividend payout ratio (DPR) is currently 15.87%.

Apple announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

About Apple

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.