Dodds Wealth LLC Acquires 784 Shares of Apple Inc. (NASDAQ:AAPL)

Dodds Wealth LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 6.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,707 shares of the iPhone maker’s stock after purchasing an additional 784 shares during the quarter. Apple makes up approximately 0.9% of Dodds Wealth LLC’s holdings, making the stock its 17th biggest position. Dodds Wealth LLC’s holdings in Apple were worth $2,179,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Flagstone Financial Management boosted its position in Apple by 0.9% in the 4th quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 56 shares during the period. Stableford Capital II LLC raised its stake in shares of Apple by 0.3% during the first quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after acquiring an additional 59 shares in the last quarter. Kwmg LLC boosted its holdings in shares of Apple by 0.6% in the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock valued at $1,825,000 after purchasing an additional 60 shares during the period. Greylin Investment Management Inc grew its stake in Apple by 0.4% in the first quarter. Greylin Investment Management Inc now owns 16,711 shares of the iPhone maker’s stock worth $2,866,000 after purchasing an additional 61 shares in the last quarter. Finally, Ruedi Wealth Management Inc. increased its holdings in Apple by 0.3% during the 1st quarter. Ruedi Wealth Management Inc. now owns 20,036 shares of the iPhone maker’s stock worth $3,436,000 after purchasing an additional 62 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL opened at $226.84 on Friday. 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 12-month low of $164.07 and a 12-month high of $237.23. The firm has a 50 day moving average of $220.32 and a two-hundred day moving average of $194.40. The firm has a market capitalization of $3.48 trillion, a PE ratio of 35.28, a P/E/G ratio of 2.60 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 145.35%. The firm had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 6.61 EPS for the current year.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.55%.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the sale, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,884 shares of company stock worth $38,092,387. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, August 6th. Rosenblatt Securities increased their target price on shares of Apple from $260.00 to $261.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $230.00 in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $233.63.

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.