Apple Inc. (NASDAQ:AAPL) Stock Holdings Lifted by Hudson Value Partners LLC

Hudson Value Partners LLC raised its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 7.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,484 shares of the iPhone maker’s stock after buying an additional 3,590 shares during the quarter. Apple comprises 4.6% of Hudson Value Partners LLC’s holdings, making the stock its 2nd largest position. Hudson Value Partners LLC’s holdings in Apple were worth $7,176,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AAPL. Cooper Financial Group grew its stake in Apple by 2.2% during the 1st quarter. Cooper Financial Group now owns 114,581 shares of the iPhone maker’s stock valued at $20,007,000 after purchasing an additional 2,516 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares during the last quarter. TCW Group Inc. increased its holdings in Apple by 8.4% in the 1st quarter. TCW Group Inc. now owns 281,759 shares of the iPhone maker’s stock worth $49,197,000 after buying an additional 21,736 shares during the period. Cross Staff Investments Inc lifted its stake in Apple by 100.2% during the 1st quarter. Cross Staff Investments Inc now owns 109,514 shares of the iPhone maker’s stock valued at $9,581,000 after acquiring an additional 54,812 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Apple by 8.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 65,726 shares of the iPhone maker’s stock valued at $11,200,000 after acquiring an additional 5,363 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird reduced their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Citigroup reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Saturday. Itaú Unibanco started coverage on Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target for the company. Finally, Monness Crespi & Hardt started coverage on shares of Apple in a research note on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

Insider Buying and Selling at Apple

In other news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold 457,386 shares of company stock worth $70,627,433 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Price Performance

AAPL stock opened at $139.50 on Wednesday. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market capitalization of $2.22 trillion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The business has a 50 day simple moving average of $148.45 and a 200-day simple moving average of $150.48.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 6.34 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

About Apple

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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