Planning Alternatives Ltd. ADV Boosts Stake in Apple Inc. (AAPL)

Planning Alternatives Ltd. ADV lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,399 shares of the iPhone maker’s stock after acquiring an additional 109 shares during the quarter. Apple makes up 0.4% of Planning Alternatives Ltd. ADV’s portfolio, making the stock its 26th biggest holding. Planning Alternatives Ltd. ADV’s holdings in Apple were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FC Advisory LLC increased its stake in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after acquiring an additional 10 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its holdings in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares in the last quarter. BerganKDV Wealth Management LLC boosted its holdings in Apple by 0.4% in the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after purchasing an additional 20 shares in the last quarter. Welch Investments LLC boosted its holdings in Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares in the last quarter. Finally, Sippican Capital Advisors boosted its holdings in Apple by 0.5% in the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares in the last quarter. 60.38% of the stock is currently owned by institutional investors and hedge funds.

Apple Inc. (AAPL) opened at $174.67 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $176.24. The firm has a market cap of $896,810.25, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. equities analysts forecast that Apple Inc. will post 11.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.44%. Apple’s payout ratio is 27.39%.

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In other news, SVP Johny Srouji sold 10,469 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80. Following the completion of the sale, the senior vice president now owns 76,250 shares in the company, valued at $12,367,750. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,389 shares of company stock worth $65,364,467. Corporate insiders own 0.08% of the company’s stock.

AAPL has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Vetr cut shares of Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 price objective for the company. in a report on Tuesday, July 18th. J P Morgan Chase & Co set a $165.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, July 19th. UBS AG reiterated a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Friday, July 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Apple in a report on Friday, July 21st. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $199.14.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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