Next Level Wealth Planning LLC Purchases New Holdings in Apple Inc. (NASDAQ:AAPL)

Next Level Wealth Planning LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,597 shares of the iPhone maker's stock, valued at approximately $2,153,000. Apple comprises approximately 1.7% of Next Level Wealth Planning LLC's holdings, making the stock its 9th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. O Connor Financial Group LLC raised its position in shares of Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after buying an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock valued at $2,249,000 after acquiring an additional 45 shares during the period. Menard Financial Group LLC raised its holdings in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after purchasing an additional 48 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock worth $945,000 after purchasing an additional 48 shares during the period. Finally, Family Capital Management Inc. boosted its stake in Apple by 0.3% during the 4th quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 over the last 90 days. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. Maxim Group boosted their price objective on Apple to $215.00 and gave the stock a "hold" rating in a research note on Friday, February 21st. Monness Crespi & Hardt boosted their price target on shares of Apple to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group upgraded shares of Apple from an "underperform" rating to a "hold" rating and reduced their price objective for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. DA Davidson lowered their price objective on shares of Apple from $290.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Apple in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.88.

Apple Stock Up 0.5 %

NASDAQ:AAPL traded up $1.05 during mid-day trading on Thursday, reaching $205.65. The stock had a trading volume of 8,306,687 shares, compared to its average volume of 56,633,127. The stock has a market cap of $3.09 trillion, a P/E ratio of 32.69, a PEG ratio of 2.44 and a beta of 1.26. The business's 50 day moving average is $217.14 and its 200 day moving average is $229.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a fifty-two week low of $166.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.49%. Apple's dividend payout ratio (DPR) is presently 15.87%.

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.