Retirement Planning Group LLC Has $29.04 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Retirement Planning Group LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 22.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,681 shares of the iPhone maker’s stock after purchasing an additional 22,532 shares during the quarter. Apple accounts for 1.6% of Retirement Planning Group LLC’s portfolio, making the stock its 18th largest holding. Retirement Planning Group LLC’s holdings in Apple were worth $29,038,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AAPL. Annex Advisory Services LLC boosted its stake in shares of Apple by 48.5% in the 3rd quarter. Annex Advisory Services LLC now owns 298,608 shares of the iPhone maker’s stock valued at $69,576,000 after purchasing an additional 97,567 shares in the last quarter. Westend Capital Management LLC lifted its holdings in Apple by 1.4% during the 3rd quarter. Westend Capital Management LLC now owns 68,655 shares of the iPhone maker’s stock valued at $15,997,000 after purchasing an additional 971 shares during the last quarter. Matrix Asset Advisors Inc. NY boosted its position in Apple by 1.6% in the third quarter. Matrix Asset Advisors Inc. NY now owns 140,607 shares of the iPhone maker’s stock valued at $32,761,000 after buying an additional 2,178 shares in the last quarter. InTrack Investment Management Inc boosted its holdings in shares of Apple by 2.1% in the 3rd quarter. InTrack Investment Management Inc now owns 23,961 shares of the iPhone maker’s stock worth $5,583,000 after acquiring an additional 483 shares in the last quarter. Finally, Mechanics Bank Trust Department boosted its stake in Apple by 85.2% in the third quarter. Mechanics Bank Trust Department now owns 271,007 shares of the iPhone maker’s stock worth $63,145,000 after purchasing an additional 124,686 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Apple in a report on Friday. Rosenblatt Securities raised their price objective on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a research report on Monday, September 9th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Maxim Group upped their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $235.68.

Apple Stock Performance

Shares of AAPL opened at $237.33 on Monday. The firm has a market cap of $3.59 trillion, a P/E ratio of 39.03, a PEG ratio of 2.33 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm’s 50 day moving average price is $229.02 and its two-hundred day moving average price is $220.02.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. On average, analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is presently 16.45%.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

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.