Gainplan LLC Has $2.09 Million Stake in Apple Inc. (NASDAQ:AAPL)

Gainplan LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,334 shares of the iPhone maker’s stock after acquiring an additional 285 shares during the period. Apple comprises 0.8% of Gainplan LLC’s portfolio, making the stock its 17th biggest position. Gainplan LLC’s holdings in Apple were worth $2,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth about $77,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.6 %

Shares of AAPL opened at $247.10 on Tuesday. The firm has a 50 day simple moving average of $240.39 and a two-hundred day simple moving average of $233.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.71 trillion, a P/E ratio of 39.22, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on 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 owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAPL shares. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, January 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

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.