Total Wealth Planning LLC Purchases 94 Shares of Apple Inc. $AAPL

Total Wealth Planning LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,233 shares of the iPhone maker’s stock after acquiring an additional 94 shares during the period. Total Wealth Planning LLC’s holdings in Apple were worth $1,074,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ryan Investment Management Inc. purchased a new position in shares of Apple in the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC lifted its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of Apple in the first quarter valued at about $58,000. Conquis Financial LLC purchased a new position in shares of Apple in the fourth quarter valued at about $63,000. Finally, LSV Asset Management purchased a new position in shares of Apple in the fourth quarter valued at about $65,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $256.48 on Wednesday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a fifty day moving average price of $234.84 and a 200-day moving average price of $215.25. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.81 trillion, a PE ratio of 38.92, a P/E/G ratio of 2.50 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is 15.78%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,922 shares of company stock worth $64,320,190. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAPL. Sanford C. Bernstein began coverage on Apple in a research report on Monday, September 15th. They issued an “outperform” rating and a $290.00 target price on the stock. Tigress Financial boosted their target price on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Rosenblatt Securities boosted their target price on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Bank of America boosted their target price on Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Evercore ISI set a $290.00 target price on Apple and gave the stock an “outperform” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $247.49.

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.