Apple Inc. (NASDAQ:AAPL) is CFO4Life Group LLC’s 8th Largest Position


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CFO4Life Group LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,389 shares of the iPhone maker’s stock after purchasing an additional 1,287 shares during the quarter. Apple accounts for 4.1% of CFO4Life Group LLC’s portfolio, making the stock its 8th largest position. CFO4Life Group LLC’s holdings in Apple were worth $16,538,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AAPL. Clear Perspectives Financial Planning LLC acquired a new stake in Apple during the fourth quarter worth about $27,000. EMC Capital Management acquired a new stake in shares of Apple in the 4th quarter worth approximately $80,000. MD Financial Management Inc. bought a new position in Apple during the fourth quarter valued at about $93,000. Insight Financial Services bought a new stake in Apple in the fourth quarter worth about $95,000. Finally, Lloyd Advisory Services LLC. lifted its holdings in Apple by 20.1% in the 4th quarter. Lloyd Advisory Services LLC. now owns 760 shares of the iPhone maker’s stock valued at $101,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

NASDAQ:AAPL opened at $132.54 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.75 and a beta of 1.28. The business’s 50-day moving average price is $127.85 and its two-hundred day moving average price is $125.92. Apple Inc. has a 1-year low of $71.58 and a 1-year high of $145.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.41. Apple had a net margin of 20.91% and a return on equity of 75.15%. The firm had revenue of $89.58 billion during the quarter, compared to analysts’ expectations of $76.84 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 53.6% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 4.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 13th. Investors of record on Monday, May 10th will be given a $0.22 dividend. The ex-dividend date is Friday, May 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Apple’s previous quarterly dividend of $0.21. Apple’s dividend payout ratio is currently 25.00%.

A number of brokerages recently weighed in on AAPL. Deutsche Bank Aktiengesellschaft raised their target price on shares of Apple from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Sanford C. Bernstein set a $132.00 target price on Apple and gave the stock a “neutral” rating in a research report on Monday, March 8th. JPMorgan Chase & Co. increased their price objective on Apple from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Canaccord Genuity raised Apple to a “buy” rating and lifted their target price for the company from $155.00 to $165.00 in a research note on Thursday, April 29th. Finally, The Goldman Sachs Group set a $130.00 price target on shares of Apple and gave the stock a “neutral” rating in a research report on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $146.82.

In related news, SVP Deirdre O’brien sold 18,216 shares of the business’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $134.01, for a total value of $2,441,126.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 133,867 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $125.74, for a total transaction of $16,832,436.58. The disclosure for this sale can be found here. 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. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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