Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Financial Life Planners

Financial Life Planners grew its position in Apple Inc. (NASDAQ:AAPL) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,974 shares of the iPhone maker’s stock after purchasing an additional 1,184 shares during the period. Apple comprises about 6.5% of Financial Life Planners’ portfolio, making the stock its 4th largest position. Financial Life Planners’ holdings in Apple were worth $6,658,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advanced Portfolio Management LLC increased its position in shares of Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after acquiring an additional 47 shares during the period. Family Capital Management Inc. increased its holdings in Apple by 0.3% during the 4th quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock valued at $4,235,000 after purchasing an additional 48 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Apple by 0.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker’s stock valued at $4,178,000 after purchasing an additional 48 shares during the last quarter. Scarborough Advisors LLC grew its position in shares of Apple by 0.3% in the 4th quarter. Scarborough Advisors LLC now owns 15,940 shares of the iPhone maker’s stock worth $3,992,000 after buying an additional 51 shares during the last quarter. Finally, Disciplined Investments LLC increased its stake in shares of Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock valued at $1,794,000 after buying an additional 51 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,486 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the sale, the insider directly owned 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AAPL. Loop Capital reduced their price objective on shares of Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. TD Cowen decreased their price target on shares of Apple from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Bank of America raised their price objective on shares of Apple from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Finally, Morgan Stanley raised their target price on Apple from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $237.25.

Apple Stock Performance

AAPL stock opened at $213.12 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market cap of $3.16 trillion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. The stock’s fifty day moving average price is $205.84 and its 200-day moving average price is $213.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%. Apple’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 11th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, August 11th. Apple’s payout ratio is 15.78%.

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.