Fiduciary Planning LLC Purchases 1,817 Shares of Apple Inc. (NASDAQ:AAPL)

Fiduciary Planning LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,414 shares of the iPhone maker’s stock after acquiring an additional 1,817 shares during the quarter. Apple makes up about 0.9% of Fiduciary Planning LLC’s investment portfolio, making the stock its 17th biggest position. Fiduciary Planning LLC’s holdings in Apple were worth $2,198,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AAPL. Wyrmwood Management LLC increased its holdings in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC grew its position in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. PayPay Securities Corp increased its holdings 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 purchasing an additional 210 shares during 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 bought a new position in Apple during the fourth quarter valued at approximately $132,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their target price for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. UBS Group reaffirmed a “hold” rating and set a $190.00 price target on shares of Apple in a research note on Monday, March 25th. JPMorgan Chase & Co. reduced their price objective on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and boosted their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Maxim Group started coverage on Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.62.

Insider Buying and Selling

In other news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $173.03 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.67 trillion, a PE ratio of 26.95, a P/E/G ratio of 2.06 and a beta of 1.26. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $199.62. The stock has a fifty day moving average price of $172.15 and a 200-day moving average price of $181.57.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. Equities research analysts predict that Apple Inc. will post 6.53 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be given a $0.25 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

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.