Capasso Planning Partners LLC Acquires 80 Shares of Apple Inc. (NASDAQ:AAPL)

Capasso Planning Partners LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,477 shares of the iPhone maker’s stock after purchasing an additional 80 shares during the quarter. Apple accounts for about 3.4% of Capasso Planning Partners LLC’s portfolio, making the stock its 6th largest holding. Capasso Planning Partners LLC’s holdings in Apple were worth $7,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AAPL. Albion Financial Group UT boosted its stake in shares of Apple by 1.0% in the fourth quarter. Albion Financial Group UT now owns 347,283 shares of the iPhone maker’s stock valued at $66,862,000 after buying an additional 3,558 shares during the period. VAUGHAN & Co SECURITIES INC. lifted its position in shares of Apple by 2.9% during the 4th quarter. VAUGHAN & Co SECURITIES INC. now owns 12,700 shares of the iPhone maker’s stock valued at $2,445,000 after acquiring an additional 362 shares during the period. Soltis Investment Advisors LLC grew its holdings in shares of Apple by 15.6% during the 4th quarter. Soltis Investment Advisors LLC now owns 187,426 shares of the iPhone maker’s stock worth $36,085,000 after purchasing an additional 25,354 shares in the last quarter. Vivid Wealth Management LLC acquired a new position in Apple in the fourth quarter valued at about $4,233,000. Finally, Keener Financial Planning LLC bought a new stake in Apple during the fourth quarter worth about $968,000. Institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other Apple news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAPL shares. Robert W. Baird boosted their target price on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, January 10th. DZ Bank reiterated a “hold” rating and issued a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Morgan Stanley upped their price objective on Apple from $210.00 to $216.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $196.00 target price (up previously from $189.00) on shares of Apple in a research report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.11.

Apple Stock Up 6.0 %

Shares of Apple stock opened at $183.38 on Monday. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.22 and a beta of 1.26. Apple Inc. has a one year low of $164.07 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock’s 50-day moving average is $172.17 and its 200 day moving average is $181.67.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion during the quarter, compared to the consensus estimate of $90.37 billion. Apple had a return on equity of 153.25% and a net margin of 26.31%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. Equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple declared that its Board of Directors has authorized a share repurchase program on Thursday, May 2nd that allows the company to buyback $110.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is currently 14.93%.

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.