Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, HoldingsChannel.com reports. The fund owned 14,365 shares of the iPhone maker’s stock after buying an additional 164 shares during the quarter. Apple accounts for about 1.6% of Stonebridge Financial Planning Group LLC’s portfolio, making the stock its 9th biggest position. Stonebridge Financial Planning Group LLC’s holdings in Apple were worth $3,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AAPL. Bull Oak Capital LLC boosted its holdings 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 valued at $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Apple in the third quarter worth approximately $110,000. Finally, Cordant Inc. boosted its holdings in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.5 %

NASDAQ AAPL opened at $239.36 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a fifty day moving average of $241.17 and a two-hundred day moving average of $230.75. The firm has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.19 and a beta of 1.20. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $211.84 to $200.75 in a research note on Tuesday, January 21st. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. Finally, Barclays reduced their price objective on shares of Apple from $184.00 to $183.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.05.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Company 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.