Apple Inc. (NASDAQ:AAPL) Stock Position Increased by ESG Planning DBA Harper Investing

ESG Planning DBA Harper Investing lifted its position in Apple Inc. (NASDAQ:AAPL) by 10.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,388 shares of the iPhone maker’s stock after purchasing an additional 1,798 shares during the quarter. Apple comprises 3.8% of ESG Planning DBA Harper Investing’s holdings, making the stock its 6th largest position. ESG Planning DBA Harper Investing’s holdings in Apple were worth $3,873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Foster Group Inc. grew its holdings in Apple by 1.7% during the second quarter. Foster Group Inc. now owns 147,028 shares of the iPhone maker’s stock worth $30,967,000 after acquiring an additional 2,472 shares during the period. Pinnacle Associates Ltd. increased its holdings in Apple by 1.3% in the second quarter. Pinnacle Associates Ltd. now owns 1,342,531 shares of the iPhone maker’s stock valued at $282,764,000 after buying an additional 17,842 shares in the last quarter. Fonville Wealth Management LLC raised its position in shares of Apple by 12.0% in the second quarter. Fonville Wealth Management LLC now owns 21,884 shares of the iPhone maker’s stock worth $4,609,000 after acquiring an additional 2,339 shares during the period. Sterling Financial Planning Inc. boosted its stake in shares of Apple by 0.6% during the 2nd quarter. Sterling Financial Planning Inc. now owns 15,304 shares of the iPhone maker’s stock worth $3,223,000 after acquiring an additional 94 shares in the last quarter. Finally, Heritage Wealth Management Inc. Texas grew its position in shares of Apple by 9.6% during the 2nd quarter. Heritage Wealth Management Inc. Texas now owns 6,750 shares of the iPhone maker’s stock valued at $1,422,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 0.2 %

Shares of NASDAQ AAPL opened at $229.04 on Friday. The company’s fifty day simple moving average is $223.25 and its 200 day simple moving average is $205.14. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.51 trillion, a PE ratio of 35.62, a P/E/G ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Tigress Financial increased their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a report on Thursday, September 19th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. Finally, Melius Research restated a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, thirteen 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. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 over the last ninety days. 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.