Valtinson Bruner Financial Planning LLC Has $6.07 Million Position in Apple Inc. (NASDAQ:AAPL)

Valtinson Bruner Financial Planning LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 130.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,806 shares of the iPhone maker’s stock after purchasing an additional 16,295 shares during the quarter. Apple makes up 2.4% of Valtinson Bruner Financial Planning LLC’s holdings, making the stock its 12th biggest holding. Valtinson Bruner Financial Planning LLC’s holdings in Apple were worth $6,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Advisors LLC grew its position in shares of Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after buying an additional 19,352 shares during the last quarter. WT Asset Management Ltd bought a new stake in Apple in the second quarter valued at approximately $80,057,000. Councilmark Asset Management LLC acquired a new stake in Apple during the 1st quarter valued at approximately $11,776,000. TD Asset Management Inc raised its holdings in Apple by 10.3% during the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after purchasing an additional 1,557,848 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Apple by 62.0% in the 2nd quarter. Larson Financial Group LLC now owns 151,991 shares of the iPhone maker’s stock worth $32,012,000 after purchasing an additional 58,153 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAPL. Loop Capital increased their price target on Apple to $300.00 and gave the stock a “buy” rating in a report on Monday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th. Cfra increased their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. The Goldman Sachs Group raised their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Raymond James boosted their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.27.

Apple Trading Down 0.3 %

Shares of AAPL stock opened at $235.86 on Wednesday. The stock has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.40 and a beta of 1.24. The company’s fifty day simple moving average is $226.46 and its two-hundred day simple moving average is $209.33. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insiders Place Their Bets

In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple 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.