Apple Inc. (NASDAQ:AAPL) Shares Bought by Cypress Financial Planning LLC

Cypress Financial Planning LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,173 shares of the iPhone maker’s stock after acquiring an additional 256 shares during the period. Apple accounts for 0.7% of Cypress Financial Planning LLC’s portfolio, making the stock its 18th biggest holding. Cypress Financial Planning LLC’s holdings in Apple were worth $1,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. grew its holdings in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares in the last quarter. Schulhoff & Co. Inc. increased its holdings in shares of Apple by 0.4% in the 1st quarter. Schulhoff & Co. Inc. now owns 18,925 shares of the iPhone maker’s stock valued at $3,245,000 after purchasing an additional 78 shares during the period. Palisade Asset Management LLC lifted its position in shares of Apple by 6.4% in the first quarter. Palisade Asset Management LLC now owns 242,164 shares of the iPhone maker’s stock worth $41,526,000 after purchasing an additional 14,585 shares in the last quarter. Hollencrest Capital Management boosted its holdings in shares of Apple by 567.9% during the first quarter. Hollencrest Capital Management now owns 1,069,412 shares of the iPhone maker’s stock worth $183,383,000 after purchasing an additional 909,303 shares during the period. Finally, Main Street Research LLC grew its position in Apple by 3.0% during the first quarter. Main Street Research LLC now owns 346,552 shares of the iPhone maker’s stock valued at $59,427,000 after purchasing an additional 10,204 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The transaction 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 that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $229.87 on Friday. The company’s fifty day moving average price is $227.73 and its 200 day moving average price is $218.06. The company has a market capitalization of $3.47 trillion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. 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 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its 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 the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 earnings per share. On average, research analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent research reports. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Loop Capital decreased their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Melius Research reaffirmed a “buy” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Finally, Rosenblatt Securities boosted their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

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.