Holistic Financial Partners Has $2.16 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Holistic Financial Partners lifted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,216 shares of the iPhone maker’s stock after acquiring an additional 624 shares during the period. Apple makes up 1.3% of Holistic Financial Partners’ portfolio, making the stock its 15th largest holding. Holistic Financial Partners’ holdings in Apple were worth $2,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wyrmwood Management LLC lifted its position in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the period. Gilfoyle & Co LLC lifted its position in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp lifted its position in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares during the period. Friedenthal Financial bought a new position in Apple in the fourth quarter worth $111,000. Finally, Cordant Inc. lifted its position in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $196.89 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The stock has a 50 day simple moving average of $179.90 and a 200 day simple moving average of $183.38. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The firm has a market capitalization of $3.02 trillion, a PE ratio of 30.62, a P/E/G ratio of 2.40 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. Sell-side analysts predict that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.51%. Apple’s payout ratio is presently 15.55%.

Apple declared that its board has authorized a share repurchase program on Thursday, May 2nd that allows the company to buyback $110.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently commented on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $196.00 target price (up from $189.00) on shares of Apple in a research report on Friday, May 3rd. Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $162.00 to $188.00 in a report on Friday, May 3rd. UBS Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of Apple in a report on Monday, March 25th. Maxim Group started coverage on Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price target for the company. Finally, Tigress Financial lifted their price target on Apple from $240.00 to $245.00 and gave the company a “strong-buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.59.

Check Out Our Latest Report on AAPL

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 346,270 shares of company stock worth $60,880,196. Corporate insiders own 0.06% of the company’s stock.

Apple 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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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