Planned Solutions Inc. Has $2.89 Million Position in Apple Inc. (NASDAQ:AAPL)

Planned Solutions Inc. boosted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,868 shares of the iPhone maker’s stock after buying an additional 98 shares during the period. Apple makes up about 1.4% of Planned Solutions Inc.’s investment portfolio, making the stock its 15th biggest position. Planned Solutions Inc.’s holdings in Apple were worth $2,893,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Flagstone Financial Management boosted its holdings in Apple by 0.9% in the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after acquiring an additional 56 shares during the last quarter. High Pines Wealth Management LLC raised its position in Apple by 0.7% in the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares during the period. Asset Planning Corporation raised its position in Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after purchasing an additional 59 shares during the period. Columbus Macro LLC raised its position in Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after purchasing an additional 59 shares during the period. Finally, Stableford Capital II LLC raised its position in Apple by 0.3% in the first quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after purchasing an additional 59 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

NASDAQ AAPL opened at $232.98 on Thursday. The stock has a market capitalization of $3.57 trillion, a P/E ratio of 36.23, a P/E/G ratio of 2.77 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $233.08. The business’s fifty day moving average is $200.96 and its two-hundred day moving average is $186.98. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The company 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 firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple announced that its Board of Directors has initiated a stock buyback program on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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 dividend of $0.25 per share. This is an increase from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, May 10th. Apple’s payout ratio is 15.55%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apple news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. Monness Crespi & Hardt reissued a “buy” rating and issued a $205.00 price objective on shares of Apple in a research report on Thursday, June 6th. Melius Research raised their price objective on Apple from $227.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Oppenheimer lifted their target price on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 28th. Barclays reaffirmed an “underweight” rating and set a $164.00 target price on shares of Apple in a research report on Tuesday, June 11th. Finally, Wedbush boosted their price objective on Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.43.

Get Our Latest Stock Report on AAPL

About Apple

(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)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.