Capital Financial Planning LLC Boosts Stake in Apple Inc. (NASDAQ:AAPL)

Share on StockTwits

Capital Financial Planning LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,435 shares of the iPhone maker’s stock after purchasing an additional 262 shares during the period. Apple makes up 2.5% of Capital Financial Planning LLC’s portfolio, making the stock its 11th biggest position. Capital Financial Planning LLC’s holdings in Apple were worth $3,945,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Johanson Financial Advisors Inc. grew its stake in Apple by 29,161.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock worth $57,543,000 after acquiring an additional 16,838,124 shares in the last quarter. California Public Employees Retirement System grew its stake in Apple by 28.2% in the 3rd quarter. California Public Employees Retirement System now owns 10,844,434 shares of the iPhone maker’s stock worth $2,428,828,000 after acquiring an additional 2,382,156 shares in the last quarter. Artemis Investment Management LLP grew its stake in Apple by 300.3% in the 4th quarter. Artemis Investment Management LLP now owns 1,066,679 shares of the iPhone maker’s stock worth $312,813,000 after acquiring an additional 800,232 shares in the last quarter. Sanders Capital LLC grew its stake in Apple by 7.8% in the 4th quarter. Sanders Capital LLC now owns 8,787,007 shares of the iPhone maker’s stock worth $2,855,898,000 after acquiring an additional 633,366 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Apple by 10.3% in the 3rd quarter. Voya Investment Management LLC now owns 5,320,034 shares of the iPhone maker’s stock worth $1,191,529,000 after acquiring an additional 494,862 shares in the last quarter. 60.28% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Apple from $285.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. DZ Bank restated a “buy” rating and issued a target price (up from ) on shares of Apple in a research note on Wednesday, January 29th. Atlantic Securities downgraded shares of Apple from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $235.00 to $275.00 in a research note on Tuesday, January 14th. Evercore ISI assumed coverage on shares of Apple in a research note on Friday, February 7th. They issued a “buy” rating and a $365.00 target price on the stock. Finally, Bank of America upped their target price on shares of Apple from $340.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $314.55.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total value of $434,573.19. Following the completion of the sale, the director now directly owns 1,134,712 shares in the company, valued at $345,077,266.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Shares of AAPL opened at $324.95 on Friday. The company has a market cap of $1,421.46 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. Apple Inc. has a twelve month low of $169.38 and a twelve month high of $327.85. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $310.86 and a two-hundred day moving average of $254.90.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.54 by $0.45. The company had revenue of $91.80 billion during the quarter, compared to the consensus estimate of $88.41 billion. Apple had a net margin of 21.49% and a return on equity of 60.19%. Apple’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $4.18 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 13.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.08 annualized dividend and a yield of 0.95%. Apple’s dividend payout ratio (DPR) is 25.90%.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Recommended Story: What is the price-to-earnings growth (PEG) ratio?

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Microsoft Co.  Shares Sold by North Star Asset Management Inc.
Microsoft Co. Shares Sold by North Star Asset Management Inc.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Microsoft Co.  Stake Increased by Wedgewood Investors Inc. PA
Microsoft Co. Stake Increased by Wedgewood Investors Inc. PA
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.


 
© 2006-2020 Zolmax.