Obsidian Personal Planning Solutions LLC Has $3.78 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Obsidian Personal Planning Solutions LLC raised its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,620 shares of the iPhone maker’s stock after buying an additional 1,856 shares during the period. Apple comprises 2.9% of Obsidian Personal Planning Solutions LLC’s portfolio, making the stock its 13th biggest position. Obsidian Personal Planning Solutions LLC’s holdings in Apple were worth $3,777,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Apple by 1.0% during the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after buying an additional 2,018,010 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after purchasing an additional 70,212,651 shares in the last quarter. Barclays PLC increased its holdings in shares of Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after purchasing an additional 2,826,709 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Apple by 4.6% in the third quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after purchasing an additional 1,696,576 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Apple by 1.7% in the third quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after purchasing an additional 287,329 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of research reports. Itau BBA Securities raised shares of Apple from an “underperform” rating to a “market perform” rating and raised their price target for the company from $162.00 to $188.00 in a report on Friday, May 3rd. Bank of America raised their price target on shares of Apple from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, May 3rd. DZ Bank reissued a “hold” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Canaccord Genuity Group raised their price objective on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Saturday, May 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

View Our Latest Research Report on Apple

Apple Stock Up 0.7 %

Shares of AAPL stock opened at $192.35 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The firm’s fifty day moving average price is $174.87 and its two-hundred day moving average price is $182.88. The firm has a market capitalization of $2.95 trillion, a P/E ratio of 29.91, a PEG ratio of 2.28 and a beta of 1.26.

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

Apple Increases Dividend

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

Apple announced that its Board of Directors has approved a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now directly owns 29,278 shares in the company, valued at approximately $5,574,531.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 371,270 shares of company stock worth $64,605,696 in the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Company 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.

Featured Stories

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.