Adaptive Financial Consulting LLC Takes Position in Apple Inc. (NASDAQ:AAPL)

Adaptive Financial Consulting LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,137 shares of the iPhone maker’s stock, valued at approximately $261,000. Apple makes up approximately 0.2% of Adaptive Financial Consulting LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors also recently bought and sold shares of the company. Clear Perspectives Financial Planning LLC purchased a new position in shares of Apple during the 4th quarter valued at $27,000. EMC Capital Management purchased a new position in shares of Apple during the 4th quarter valued at $80,000. MD Financial Management Inc. purchased a new position in shares of Apple during the 4th quarter valued at $93,000. Insight Financial Services purchased a new position in shares of Apple during the 4th quarter valued at $95,000. Finally, Lloyd Advisory Services LLC. grew its holdings in shares of Apple by 20.1% during the 4th quarter. Lloyd Advisory Services LLC. now owns 760 shares of the iPhone maker’s stock valued at $101,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

In other Apple news, CFO Luca Maestri sold 121,072 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $132.81, for a total transaction of $16,079,572.32. Following the sale, the chief financial officer now directly owns 143,961 shares of the company’s stock, valued at $19,119,460.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 17,000 shares of the stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $132.80, for a total transaction of $2,257,600.00. Following the sale, the senior vice president now directly owns 333,044 shares in the company, valued at $44,228,243.20. The disclosure for this sale can be found here. Insiders have sold 290,155 shares of company stock worth $37,610,735 over the last ninety days. Insiders own 0.06% of the company’s stock.

NASDAQ:AAPL opened at $127.45 on Monday. Apple Inc. has a 12-month low of $75.05 and a 12-month high of $145.09. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.13 trillion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28. The firm has a 50-day moving average price of $129.20 and a 200 day moving average price of $126.55.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.41. The firm had revenue of $89.58 billion for the quarter, compared to analysts’ expectations of $76.84 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, research analysts expect that Apple Inc. will post 4.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 13th. Shareholders of record on Monday, May 10th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.69%. This is a boost from Apple’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 7th. Apple’s dividend payout ratio is currently 26.83%.

A number of equities research analysts recently issued reports on AAPL shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apple from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Barclays upped their price objective on shares of Apple from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 5th. Monness Crespi & Hardt boosted their target price on shares of Apple from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 5th. Fundamental Research cut their target price on shares of Apple from $148.12 to $144.27 and set a “buy” rating for the company in a research report on Tuesday, May 11th. Finally, The Goldman Sachs Group raised shares of Apple from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $83.00 to $130.00 in a research report on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the stock. Apple currently has an average rating of “Buy” and a consensus price target of $148.57.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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