Hudock Inc. Reduces Position in Apple Inc. (NASDAQ:AAPL)

Hudock Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,832 shares of the iPhone maker’s stock after selling 1,221 shares during the period. Apple accounts for approximately 1.5% of Hudock Inc.’s investment portfolio, making the stock its 12th biggest position. Hudock Inc.’s holdings in Apple were worth $4,488,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Opus Capital Group LLC increased its position in shares of Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after purchasing an additional 63 shares during the last quarter. Norwood Financial Corp grew its position in shares of Apple by 0.9% in the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after buying an additional 65 shares during the last quarter. Mokosak Advisory Group LLC grew its position in shares of Apple by 1.2% in the 1st quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock valued at $996,000 after buying an additional 66 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Apple by 6.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock valued at $143,000 after buying an additional 66 shares during the last quarter. Finally, Lake Point Wealth Management grew its position in shares of Apple by 1.7% in the 2nd quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock valued at $550,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAPL. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a research report on Monday, September 12th. Evercore ISI increased their target price on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, September 20th. UBS Group dropped their target price on shares of Apple from $185.00 to $180.00 in a research report on Tuesday, November 8th. JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. In the last three months, insiders sold 360,651 shares of company stock worth $53,703,645. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $150.04 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $147.42 and a two-hundred day moving average price of $150.00. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a market capitalization of $2.39 trillion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.32 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is currently 15.06%.

Apple Company Profile

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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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