Hudson Value Partners LLC Has $12.19 Million Position in Apple Inc. (NASDAQ:AAPL)

Hudson Value Partners LLC lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,321 shares of the iPhone maker’s stock after selling 503 shares during the period. Apple comprises about 5.7% of Hudson Value Partners LLC’s portfolio, making the stock its 2nd largest position. Hudson Value Partners LLC’s holdings in Apple were worth $12,191,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Headinvest LLC grew its stake in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Apple by 16.1% in the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after buying an additional 10,425 shares during the last quarter. DNB Asset Management AS grew its position in Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after buying an additional 279,311 shares during the period. Boltwood Capital Management increased its holdings in Apple by 2.8% during the fourth quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock worth $7,158,000 after buying an additional 1,021 shares during the last quarter. Finally, NewEdge Wealth LLC raised its position in Apple by 16.2% in the fourth quarter. NewEdge Wealth LLC now owns 808,709 shares of the iPhone maker’s stock worth $155,701,000 after acquiring an additional 112,980 shares during the period. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,999 shares of Apple stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the transaction, the insider now directly owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the transaction, the insider now owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 346,270 shares of company stock worth $60,880,196. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Maxim Group began coverage on shares of Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target for the company. Barclays raised their target price on Apple from $158.00 to $164.00 and gave the stock an “underweight” rating in a research report on Friday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $216.00 price target on shares of Apple in a research report on Tuesday. Loop Capital decreased their price objective on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Finally, Tigress Financial boosted their price objective on Apple from $240.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.59.

View Our Latest Stock Report on AAPL

Apple Price Performance

Shares of Apple stock opened at $196.89 on Friday. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a fifty day moving average of $179.90 and a 200-day moving average of $183.48. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Equities research analysts expect that Apple Inc. will post 6.57 EPS for the current year.

Apple declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, May 10th. Apple’s payout ratio is 15.55%.

Apple Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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