Leicht Financial Planning & Wealth Management Inc. Purchases 202 Shares of Apple Inc. (NASDAQ:AAPL)

Leicht Financial Planning & Wealth Management Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,291 shares of the iPhone maker’s stock after purchasing an additional 202 shares during the period. Apple makes up approximately 1.0% of Leicht Financial Planning & Wealth Management Inc.’s investment portfolio, making the stock its 16th largest holding. Leicht Financial Planning & Wealth Management Inc.’s holdings in Apple were worth $1,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sensible Money LLC lifted its position in shares of Apple by 92.4% in the third quarter. Sensible Money LLC now owns 32,217 shares of the iPhone maker’s stock worth $7,507,000 after purchasing an additional 15,474 shares in the last quarter. Community Bank of Raymore lifted its position in Apple by 1.1% during the 3rd quarter. Community Bank of Raymore now owns 17,028 shares of the iPhone maker’s stock worth $3,968,000 after buying an additional 189 shares in the last quarter. Kowal Investment Group LLC boosted its stake in shares of Apple by 3.9% during the 3rd quarter. Kowal Investment Group LLC now owns 49,326 shares of the iPhone maker’s stock worth $11,493,000 after buying an additional 1,862 shares during the last quarter. Tamar Securities LLC grew its holdings in shares of Apple by 39.7% in the 3rd quarter. Tamar Securities LLC now owns 142,900 shares of the iPhone maker’s stock valued at $33,296,000 after acquiring an additional 40,601 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its position in shares of Apple by 0.3% in the third quarter. Cornerstone Wealth Management LLC now owns 348,894 shares of the iPhone maker’s stock valued at $81,292,000 after acquiring an additional 993 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Monday, November 25th. Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Barclays lowered their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. New Street Research reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Finally, Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Apple in a research note on Friday, November 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.68.

Apple Stock Performance

NASDAQ AAPL opened at $242.84 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $244.63. The company has a market cap of $3.67 trillion, a P/E ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23. The company has a fifty day simple moving average of $230.53 and a 200 day simple moving average of $221.83. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last three months. 0.06% of the stock is currently owned by 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.