Apple Inc. (NASDAQ:AAPL) Shares Bought by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,260 shares of the iPhone maker’s stock after purchasing an additional 333 shares during the quarter. Apple makes up 3.8% of Game Plan Financial Advisors LLC’s portfolio, making the stock its 3rd biggest position. Game Plan Financial Advisors LLC’s holdings in Apple were worth $7,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Conservest Capital Advisors Inc. raised its holdings 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 acquiring an additional 55 shares during the last quarter. Flagstone Financial Management increased its holdings in shares of Apple by 0.9% during the 4th quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 56 shares during the last quarter. High Pines Wealth Management LLC increased its holdings in shares of Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares during the last quarter. Asset Planning Corporation increased its holdings in shares of Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares during the last quarter. Finally, Columbus Macro LLC increased its holdings in shares of Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s 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 transaction, the senior vice president now owns 136,572 shares in the company, valued at $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 worth $60,880,196. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $210.62 on Friday. The company’s fifty day moving average price is $192.13 and its 200 day moving average price is $185.46. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $220.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a market capitalization of $3.23 trillion, a P/E ratio of 32.76, a P/E/G ratio of 2.59 and a beta of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. Apple’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple declared that its Board of Directors has initiated a share repurchase program on Thursday, May 2nd that permits the company to buyback $110.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Apple Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AAPL. JPMorgan Chase & Co. raised their price target on shares of Apple from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $205.00 price objective on shares of Apple in a research report on Thursday, June 6th. Loop Capital lowered their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $216.00 price objective on shares of Apple in a research report on Tuesday, June 11th. Finally, Oppenheimer increased their price objective on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Apple Company 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.