Apple Inc. $AAPL Position Lowered by Planning Center Inc.

Planning Center Inc. reduced its position in Apple Inc. (NASDAQ:AAPL) by 16.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,616 shares of the iPhone maker’s stock after selling 6,857 shares during the quarter. Apple makes up about 0.8% of Planning Center Inc.’s investment portfolio, making the stock its 21st biggest holding. Planning Center Inc.’s holdings in Apple were worth $7,102,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hoge Financial Services LLC grew its position in shares of Apple by 7.3% in the 2nd quarter. Hoge Financial Services LLC now owns 6,161 shares of the iPhone maker’s stock worth $1,267,000 after acquiring an additional 417 shares in the last quarter. KPP Advisory Services LLC lifted its stake in Apple by 1.5% during the second quarter. KPP Advisory Services LLC now owns 69,002 shares of the iPhone maker’s stock worth $14,157,000 after purchasing an additional 1,036 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Apple by 1.1% in the second quarter. First Citizens Bank & Trust Co. now owns 621,827 shares of the iPhone maker’s stock worth $127,580,000 after purchasing an additional 6,661 shares during the period. Roman Butler Fullerton & Co. increased its stake in Apple by 8.5% during the second quarter. Roman Butler Fullerton & Co. now owns 59,787 shares of the iPhone maker’s stock valued at $12,787,000 after purchasing an additional 4,689 shares during the last quarter. Finally, Paragon Advisors LLC raised its holdings in shares of Apple by 162.3% during the second quarter. Paragon Advisors LLC now owns 21,297 shares of the iPhone maker’s stock worth $4,370,000 after purchasing an additional 13,179 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s 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 completion of the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 228,052 shares of company stock worth $58,604,588 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 2.0%

AAPL opened at $271.49 on Monday. The company has a market capitalization of $4.01 trillion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. The business has a 50-day moving average of $259.49 and a 200-day moving average of $229.36.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group lifted their price target on shares of Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Bank of America upped their price target on shares of Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Rosenblatt Securities lifted their price objective on shares of Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Seaport Res Ptn upgraded shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley boosted their price objective on Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $278.22.

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.