Envision Financial Planning LLC Lowers Position in Apple Inc. (NASDAQ:AAPL)

Envision Financial Planning LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,430 shares of the iPhone maker’s stock after selling 300 shares during the period. Apple comprises about 0.2% of Envision Financial Planning LLC’s investment portfolio, making the stock its 26th biggest position. Envision Financial Planning LLC’s holdings in Apple were worth $275,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wyrmwood Management LLC lifted its position in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted its position in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. PayPay Securities Corp lifted its position in shares of Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. lifted its position in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after buying an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new stake in shares of Apple in the fourth quarter worth about $132,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 1.3 %

Shares of NASDAQ:AAPL opened at $169.02 on Thursday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The stock has a market cap of $2.61 trillion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The business’s 50 day moving average is $173.58 and its 200 day moving average is $181.94. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AAPL shares. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. The Goldman Sachs Group boosted their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Piper Sandler decreased their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. Finally, Barclays reissued an “underweight” rating and set a $158.00 price objective on shares of Apple in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $203.05.

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.