Treasure Coast Financial Planning Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Treasure Coast Financial Planning boosted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,889 shares of the iPhone maker’s stock after purchasing an additional 152 shares during the period. Apple comprises 0.6% of Treasure Coast Financial Planning’s portfolio, making the stock its 19th biggest holding. Treasure Coast Financial Planning’s holdings in Apple were worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Swiss National Bank lifted its position in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after buying an additional 8,230,300 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Apple by 10.1% during the 1st quarter. Wellington Management Group LLP now owns 67,133,546 shares of the iPhone maker’s stock valued at $11,722,187,000 after buying an additional 6,162,898 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Apple by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,435,007 shares of the iPhone maker’s stock worth $6,758,754,000 after purchasing an additional 1,003,177 shares in the last quarter. 57.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAPL shares. JPMorgan Chase & Co. set a $200.00 price target on Apple in a report on Monday, November 14th. Credit Suisse Group set a $184.00 price target on Apple in a report on Thursday. set a $175.00 price target on Apple in a report on Friday, July 29th. Monness Crespi & Hardt started coverage on Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price target on the stock. Finally, Barclays lowered their price target on Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $176.26.

Apple Stock Performance

Shares of AAPL stock opened at $151.29 on Friday. The stock has a market capitalization of $2.41 trillion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The stock’s 50-day moving average price is $147.08 and its 200 day moving average price is $149.88. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. As a group, equities research analysts forecast that Apple Inc. will post 6.26 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is 15.06%.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 360,651 shares of company stock worth $53,703,645. Company insiders own 0.06% of the company’s stock.

Apple Company Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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