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 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.
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