Hudock Inc. raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 33,239 shares of the iPhone maker’s stock after buying an additional 683 shares during the period. Apple comprises approximately 1.5% of Hudock Inc.’s holdings, making the stock its 16th largest holding. Hudock Inc.’s holdings in Apple were worth $6,447,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of AAPL. Parker Financial LLC raised its holdings in Apple by 1.2% in the second quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock valued at $881,000 after buying an additional 54 shares during the period. MKT Advisors LLC raised its holdings in Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares during the period. Professional Financial Advisors LLC raised its holdings in Apple by 0.5% in the second quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock valued at $2,563,000 after buying an additional 62 shares during the period. Aspire Capital Advisors LLC grew its position in Apple by 0.5% in the first quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock valued at $2,321,000 after acquiring an additional 64 shares in the last quarter. Finally, Legacy Financial Group LLC grew its position in Apple by 0.6% in the second quarter. Legacy Financial Group LLC now owns 10,949 shares of the iPhone maker’s stock valued at $2,124,000 after acquiring an additional 64 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Tigress Financial increased their price objective on shares of Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Apple from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Raymond James raised their price target on shares of Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Wells Fargo & Company raised their price target on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $195.00 price target on shares of Apple in a research report on Tuesday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $198.25.
Insider Activity at Apple
In related news, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now directly owns 34,687 shares in the company, valued at $6,383,795.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at $6,383,795.48. The disclosure for this sale can be found here. Insiders have sold a total of 444,391 shares of company stock worth $77,370,046 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.
Apple Stock Performance
AAPL stock opened at $189.69 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99. The stock has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.60 and a beta of 1.30. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The stock’s fifty day moving average is $176.91 and its two-hundred day moving average is $180.67.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 6.56 EPS for the current year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is currently 15.69%.
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.
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