Hudock Inc. Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

Hudock Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 33,919 shares of the iPhone maker’s stock after acquiring an additional 135 shares during the quarter. Apple makes up 1.4% of Hudock Inc.’s portfolio, making the stock its 16th biggest holding. Hudock Inc.’s holdings in Apple were worth $6,530,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Claro Advisors LLC lifted its holdings in Apple by 3.4% in the 4th quarter. Claro Advisors LLC now owns 115,800 shares of the iPhone maker’s stock worth $22,295,000 after purchasing an additional 3,754 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Apple by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 516,138 shares of the iPhone maker’s stock worth $99,372,000 after purchasing an additional 24,506 shares in the last quarter. LifeGuide Financial Advisors LLC lifted its holdings in Apple by 1.2% in the 4th quarter. LifeGuide Financial Advisors LLC now owns 9,070 shares of the iPhone maker’s stock worth $1,746,000 after purchasing an additional 109 shares in the last quarter. Kowal Investment Group LLC lifted its holdings in Apple by 3.6% in the 4th quarter. Kowal Investment Group LLC now owns 46,186 shares of the iPhone maker’s stock worth $8,892,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Horizon Wealth Management LLC lifted its holdings in Apple by 2.4% in the 4th quarter. Horizon Wealth Management LLC now owns 66,787 shares of the iPhone maker’s stock worth $12,858,000 after purchasing an additional 1,591 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.6 %

Shares of NASDAQ AAPL opened at $167.04 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $2.58 trillion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The business has a fifty day moving average price of $175.15 and a 200 day moving average price of $182.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Equities research analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of Apple in a report on Tuesday. Piper Sandler decreased their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Maxim Group initiated coverage on Apple in a report on Wednesday. They set a “hold” rating and a $178.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $203.34.

Apple Company 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.