Wrenne Financial Planning LLC Has $3.01 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Wrenne Financial Planning LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,897 shares of the iPhone maker’s stock after purchasing an additional 112 shares during the quarter. Apple accounts for about 1.8% of Wrenne Financial Planning LLC’s investment portfolio, making the stock its 13th biggest position. Wrenne Financial Planning LLC’s holdings in Apple were worth $3,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Darden Wealth Group Inc increased its holdings in Apple by 4.8% in the 3rd quarter. Darden Wealth Group Inc now owns 41,706 shares of the iPhone maker’s stock valued at $9,718,000 after buying an additional 1,892 shares during the period. Eagle Asset Management Inc. grew its stake in shares of Apple by 16.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 536,460 shares of the iPhone maker’s stock valued at $121,755,000 after purchasing an additional 76,601 shares during the period. Investors Research Corp lifted its position in shares of Apple by 3.1% during the 3rd quarter. Investors Research Corp now owns 16,884 shares of the iPhone maker’s stock worth $3,934,000 after buying an additional 504 shares during the period. Charles Schwab Investment Management Inc. grew its position in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the period. Finally, Banco Santander S.A. boosted its stake in shares of Apple by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 1,006,990 shares of the iPhone maker’s stock valued at $234,629,000 after purchasing an additional 6,009 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $236.00 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $241.56 and a 200 day simple moving average of $230.86. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The stock has a market cap of $3.55 trillion, a P/E ratio of 38.82, a PEG ratio of 2.39 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. Research analysts anticipate that Apple Inc. will post 7.34 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is presently 15.87%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AAPL shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Sanford C. Bernstein upped their price objective on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Evercore ISI raised their price objective on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $211.84 to $200.75 in a research report on Thursday. Finally, Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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.