Apple Inc. (NASDAQ:AAPL) Shares Acquired by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,345 shares of the iPhone maker’s stock after buying an additional 326 shares during the quarter. Apple makes up approximately 20.6% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 2nd largest position. MPS Loria Financial Planners LLC’s holdings in Apple were worth $63,891,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AAPL. Vanguard Group Inc. grew its holdings in Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares in the last quarter. Norges Bank purchased a new stake in Apple in the 4th quarter valued at $33,912,466,000. Wellington Management Group LLP grew its holdings in shares of Apple by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock worth $11,677,190,000 after purchasing an additional 2,096,360 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Apple by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock worth $10,531,834,000 after purchasing an additional 1,067,587 shares during the period. Finally, Capital International Investors grew its holdings in shares of Apple by 7.1% during the 1st quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after purchasing an additional 2,474,887 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Cfra raised their target price on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $300.00 in a report on Monday, July 15th. Barclays reduced their price target on Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein increased their price target on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $237.30.

Insider Buying and Selling

In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL stock opened at $229.79 on Friday. The stock has a fifty day moving average price of $221.05 and a 200 day moving average price of $195.24. The stock has a market cap of $3.52 trillion, a PE ratio of 35.74, a P/E/G ratio of 2.60 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. 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:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 145.35% and a net margin of 26.44%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts forecast that Apple Inc. will post 6.61 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is presently 15.55%.

Apple declared that its board has approved a stock buyback plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Apple Company Profile

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.