Envision Financial Planning LLC Trims Stock Position in Apple Inc. (NASDAQ:AAPL)

Envision Financial Planning LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,430 shares of the iPhone maker’s stock after selling 300 shares during the quarter. Apple comprises approximately 0.2% of Envision Financial Planning LLC’s portfolio, making the stock its 26th largest position. Envision Financial Planning LLC’s holdings in Apple were worth $275,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AAPL. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Apple in the 4th quarter valued at approximately $560,388,000. Hudson Bay Capital Management LP acquired a new stake in Apple in the 3rd quarter valued at approximately $487,435,000. Barclays PLC increased its holdings in Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after purchasing an additional 2,826,709 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new stake in Apple in the 3rd quarter valued at approximately $461,021,000. Finally, Morgan Stanley increased its holdings in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after purchasing an additional 2,018,010 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $169.02 on Thursday. The company has a 50-day simple moving average of $173.58 and a 200-day simple moving average of $181.94. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Tuesday, April 16th. Citigroup restated a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Barclays restated an “underweight” rating and issued a $158.00 price target on shares of Apple in a research note on Tuesday. The Goldman Sachs Group boosted their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, DZ Bank restated a “hold” rating and issued a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.05.

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.