Ignite Planners LLC Has $18.39 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Ignite Planners LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 81,231 shares of the iPhone maker’s stock after purchasing an additional 157 shares during the quarter. Apple comprises about 4.5% of Ignite Planners LLC’s investment portfolio, making the stock its 2nd largest position. Ignite Planners LLC’s holdings in Apple were worth $18,386,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAPL. Charter Oak Capital Management LLC raised its stake in Apple by 0.5% during the fourth quarter. Charter Oak Capital Management LLC now owns 69,035 shares of the iPhone maker’s stock worth $13,291,000 after acquiring an additional 355 shares during the period. Krilogy Financial LLC grew its holdings in shares of Apple by 2.6% during the fourth quarter. Krilogy Financial LLC now owns 196,455 shares of the iPhone maker’s stock valued at $37,824,000 after purchasing an additional 5,064 shares during the last quarter. Fingerlakes Wealth Management Inc. lifted its holdings in shares of Apple by 0.3% in the 4th quarter. Fingerlakes Wealth Management Inc. now owns 36,113 shares of the iPhone maker’s stock worth $6,953,000 after purchasing an additional 113 shares during the last quarter. Nelson Capital Management LLC boosted its position in Apple by 4.1% during the 4th quarter. Nelson Capital Management LLC now owns 100,026 shares of the iPhone maker’s stock valued at $19,258,000 after purchasing an additional 3,947 shares during the period. Finally, Blossom Wealth Management grew its stake in Apple by 17.4% during the 4th quarter. Blossom Wealth Management now owns 11,526 shares of the iPhone maker’s stock worth $2,219,000 after buying an additional 1,710 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 2.7 %

Shares of Apple stock opened at $222.77 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The firm has a market capitalization of $3.42 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The stock’s fifty day moving average is $222.57 and its 200-day moving average is $196.53.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Rosenblatt Securities boosted their target price on shares of Apple from $260.00 to $261.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their price objective on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Barclays decreased their price objective on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.30.

About Apple

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.