Apple Inc. (NASDAQ:AAPL) Shares Bought by OLIO Financial Planning

OLIO Financial Planning boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,563 shares of the iPhone maker’s stock after purchasing an additional 78 shares during the period. Apple makes up approximately 0.7% of OLIO Financial Planning’s portfolio, making the stock its 16th biggest holding. OLIO Financial Planning’s holdings in Apple were worth $1,902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Stokes Capital Advisors LLC lifted its stake in Apple by 0.8% in the 1st quarter. Stokes Capital Advisors LLC now owns 48,114 shares of the iPhone maker’s stock worth $10,688,000 after purchasing an additional 370 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in Apple by 1.0% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 53,838 shares of the iPhone maker’s stock worth $11,959,000 after purchasing an additional 538 shares in the last quarter. KFG Wealth Management LLC lifted its stake in Apple by 18.8% in the 1st quarter. KFG Wealth Management LLC now owns 20,907 shares of the iPhone maker’s stock worth $4,644,000 after purchasing an additional 3,309 shares in the last quarter. Radnor Capital Management LLC lifted its stake in Apple by 2.3% in the 1st quarter. Radnor Capital Management LLC now owns 73,894 shares of the iPhone maker’s stock worth $16,414,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Impact Capital Partners LLC lifted its stake in Apple by 7.5% in the 1st quarter. Impact Capital Partners LLC now owns 51,620 shares of the iPhone maker’s stock worth $11,466,000 after purchasing an additional 3,581 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Rosenblatt Securities downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $217.00 price target for the company. in a report on Friday, May 2nd. Wedbush restated an “outperform” rating and set a $270.00 price target on shares of Apple in a report on Tuesday, June 10th. Morgan Stanley restated an “overweight” rating on shares of Apple in a report on Friday, June 13th. Barclays set a $173.00 price target on shares of Apple and gave the stock an “underweight” rating in a report on Tuesday, June 24th. Finally, Tigress Financial raised their price target on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $234.95.

Insider Activity

In related news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer directly owned 4,569 shares of the company’s stock, valued at $941,214. The trade was a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,486 shares of Apple 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 completion of the transaction, the insider directly owned 15,533 shares in the company, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.4%

AAPL opened at $213.36 on Monday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market capitalization of $3.19 trillion, a P/E ratio of 33.23, a P/E/G ratio of 2.38 and a beta of 1.20. The stock has a fifty day moving average of $203.35 and a 200-day moving average of $218.44.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company had revenue of $95.36 billion for the quarter, compared to analysts’ expectations of $94.04 billion. During the same quarter last year, the business earned $1.53 earnings per share. Apple’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a dividend of $0.26 per share. 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 0.49%. The ex-dividend date of this dividend was Monday, May 12th. Apple’s payout ratio is 16.20%.

Apple announced that its board has approved a stock buyback plan on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership 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.