Apple Inc. (NASDAQ:AAPL) Sees Growth in Institutional Holdings and Dividend Increase

Retirement Planning Group LLC, a financial firm, has increased its stake in Apple Inc. by 6.5% in the 1st quarter, according to their recent filing with the Securities and Exchange Commission. The firm now owns 91,275 shares of Apple, making it their 16th largest position. Other institutional investors have also made adjustments to their holdings of Apple, with some increasing their shares by small percentages.

Despite this positive news, Apple’s stock is trading down by 1.6%. The company’s market cap is at $3.23 trillion, with a PE ratio of 32.76. Apple recently reported quarterly earnings that beat analyst estimates, with a revenue of $90.75 billion. The company also announced an increase in their quarterly dividend, as well as a stock repurchase plan.

Wall Street analysts have weighed in on Apple, with many giving the stock a buy rating. The company’s insider activity has also been in the news, with senior executives selling shares in recent transactions.

Overall, Apple Inc. continues to be a strong player in the technology industry, offering a range of products including smartphones, personal computers, and wearables. Investors and analysts are keeping a close eye on the company’s performance and future prospects.