Apple Inc. $AAPL Stock Holdings Reduced by Ignite Planners LLC

Ignite Planners LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,377 shares of the iPhone maker’s stock after selling 1,398 shares during the quarter. Apple makes up approximately 3.4% of Ignite Planners LLC’s holdings, making the stock its 3rd biggest position. Ignite Planners LLC’s holdings in Apple were worth $22,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Salus Financial Advisors LLC boosted its position in Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after buying an additional 49 shares during the last quarter. Red Tortoise LLC boosted its position in Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 49 shares during the last quarter. SigFig Wealth Management LLC boosted its position in Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after buying an additional 50 shares during the last quarter. Shariaportfolio Inc. lifted its stake in shares of Apple by 1.3% in the 2nd quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after purchasing an additional 50 shares during the period. Finally, Sharpepoint LLC lifted its stake in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. Robert W. Baird set a $300.00 price target on Apple in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. TD Cowen increased their price target on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday. CLSA raised Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Finally, Wells Fargo & Company set a $300.00 price target on Apple and gave the company an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $276.39.

Apple Stock Performance

Shares of Apple stock opened at $270.37 on Friday. The company has a market capitalization of $4.01 trillion, a PE ratio of 41.03, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. 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 stock’s fifty day simple moving average is $248.34 and its 200 day simple moving average is $222.15.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, November 10th. Apple’s dividend payout ratio is 15.78%.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the 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 transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 in the last 90 days. Company insiders own 0.06% of the company’s stock.

About Apple

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.