Apple Inc. (NASDAQ:AAPL) Shares Acquired by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,507 shares of the iPhone maker’s stock after acquiring an additional 905 shares during the period. Apple comprises 4.7% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Apple were worth $12,648,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Drystone LLC purchased a new position in Apple in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in Apple in the fourth quarter valued at $47,000. SPX Gestao de Recursos Ltda acquired a new position in Apple during the 3rd quarter worth $71,000. Pillar Financial Advisors LLC purchased a new stake in Apple during the 4th quarter worth about $82,000. Finally, Compass Planning Associates Inc acquired a new stake in Apple in the 4th quarter valued at about $96,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Chris Kondo sold 4,486 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the sale, the insider now owns 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This trade represents a 17.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock valued at $42,694,080 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAPL shares. Bank of America lowered their price objective on Apple from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Morgan Stanley restated an “overweight” rating and issued a $235.00 price objective on shares of Apple in a report on Thursday. Evercore ISI boosted their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen cut their price target on Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.02.

Apple Stock Performance

Shares of AAPL stock opened at $203.92 on Monday. The stock has a market capitalization of $3.05 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. The stock’s 50-day moving average price is $201.17 and its 200 day moving average price is $224.12. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion during the quarter, compared to analysts’ expectations of $94.04 billion. During the same quarter last year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is a boost from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.51%. Apple’s dividend payout ratio (DPR) is currently 16.20%.

Apple 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.