Little House Capital LLC Acquires 4,093 Shares of Apple Inc. (NASDAQ:AAPL)

Little House Capital LLC increased its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,154 shares of the iPhone maker’s stock after buying an additional 4,093 shares during the period. Apple comprises about 6.5% of Little House Capital LLC’s investment portfolio, making the stock its largest position. Little House Capital LLC’s holdings in Apple were worth $17,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Conservest Capital Advisors Inc. grew its stake in Apple by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after purchasing an additional 55 shares in the last quarter. Flagstone Financial Management grew its stake in Apple by 0.9% in the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after purchasing an additional 56 shares in the last quarter. High Pines Wealth Management LLC grew its stake in Apple by 0.7% in the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation boosted its stake in shares of Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after acquiring an additional 59 shares in the last quarter. Finally, Columbus Macro LLC boosted its stake in shares of Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after acquiring an additional 59 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 0.5 %

NASDAQ AAPL opened at $191.29 on Friday. The firm has a market cap of $2.93 trillion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.32 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 stock’s 50 day simple moving average is $177.13 and its 200 day simple moving average is $183.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 6.57 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Apple declared that its board has authorized a share buyback plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AAPL shares. Maxim Group started coverage on Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target for the company. Sanford C. Bernstein upgraded Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research note on Monday, April 29th. Canaccord Genuity Group upped their price target on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Saturday, May 4th. JPMorgan Chase & Co. upped their price target on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Wedbush boosted their price objective on Apple from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.59.

View Our Latest Analysis on Apple

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,999 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the transaction, the insider now directly owns 29,278 shares in the company, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,270 shares of company stock worth $46,511,696. Insiders own 0.06% of the company’s stock.

Apple Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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