Leibman Financial Services Inc. Purchases 418 Shares of Apple Inc. (NASDAQ:AAPL)

Leibman Financial Services Inc. boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,641 shares of the iPhone maker’s stock after purchasing an additional 418 shares during the period. Apple makes up approximately 3.0% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 13th biggest holding. Leibman Financial Services Inc.’s holdings in Apple were worth $3,882,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Conservest Capital Advisors Inc. boosted its position in Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after buying an additional 55 shares during the period. Flagstone Financial Management boosted its position in Apple by 0.9% in the 4th quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 56 shares during the period. High Pines Wealth Management LLC raised its holdings in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation raised its holdings in shares of Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after purchasing an additional 59 shares in the last quarter. Finally, Columbus Macro LLC raised its holdings in shares of Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Erste Group Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Morgan Stanley restated an “overweight” rating and issued a $216.00 price objective on shares of Apple in a report on Tuesday, June 11th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Apple in a report on Tuesday, June 11th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $205.00 price target on shares of Apple in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.06.

Apple Stock Performance

NASDAQ:AAPL opened at $214.29 on Thursday. The firm has a market cap of $3.29 trillion, a PE ratio of 33.33, a P/E/G ratio of 2.64 and a beta of 1.25. The firm has a 50 day simple moving average of $186.55 and a 200-day simple moving average of $184.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $220.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. On average, equities analysts expect that Apple Inc. will post 6.58 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio is 15.55%.

Apple declared that its Board of Directors has initiated a share buyback plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated 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 directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 346,270 shares of company stock valued at $60,880,196. Company insiders own 0.06% of the company’s stock.

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.