Fiduciary Planning LLC Grows Position in Apple Inc. (NASDAQ:AAPL)
Fiduciary Planning LLC raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,514 shares of the iPhone maker’s stock after purchasing an additional 499 shares during the period. Apple comprises approximately 1.2% of Fiduciary Planning LLC’s holdings, making the stock its 17th largest position. Fiduciary Planning LLC’s holdings in Apple were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Brentview Investment Management LLC purchased a new stake in shares of Apple in the fourth quarter valued at about $11,388,000. Panoramic Investment Advisors LLC increased its position in Apple by 20.2% in the 4th quarter. Panoramic Investment Advisors LLC now owns 12,242 shares of the iPhone maker’s stock valued at $3,066,000 after acquiring an additional 2,054 shares during the period. Catalina Capital Group LLC raised its stake in Apple by 3.4% during the 4th quarter. Catalina Capital Group LLC now owns 80,303 shares of the iPhone maker’s stock valued at $20,109,000 after acquiring an additional 2,622 shares during the last quarter. JB Capital LLC lifted its position in Apple by 0.5% during the 4th quarter. JB Capital LLC now owns 152,572 shares of the iPhone maker’s stock worth $38,207,000 after acquiring an additional 703 shares during the period. Finally, Princeton Global Asset Management LLC grew its stake in shares of Apple by 1.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 58,784 shares of the iPhone maker’s stock valued at $14,721,000 after purchasing an additional 624 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Maxim Group upped their price target on Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Apple in a research report on Friday, March 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.52.
Read Our Latest Research Report on Apple
Apple Trading Up 0.5 %
Apple stock opened at $223.19 on Wednesday. The stock has a market cap of $3.35 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $230.55 and a 200 day moving average price of $233.43. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.
Apple 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.
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