Hexagon Capital Partners LLC Has $14.30 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Hexagon Capital Partners LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,897 shares of the iPhone maker’s stock after acquiring an additional 83 shares during the quarter. Apple accounts for about 3.1% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 5th largest holding. Hexagon Capital Partners LLC’s holdings in Apple were worth $14,300,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Apple by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after buying an additional 18,067,216 shares in the last quarter. Norges Bank bought a new position in shares of Apple during the fourth quarter worth about $33,912,466,000. Wellington Management Group LLP grew its holdings in shares of Apple by 3.6% during the fourth quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock worth $11,677,190,000 after buying an additional 2,096,360 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Apple by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock worth $10,531,834,000 after buying an additional 1,067,587 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Apple by 7.1% during the first quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after buying an additional 2,474,887 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock worth $23,723,887 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $229.00 on Tuesday. The stock’s fifty day moving average price is $222.30 and its two-hundred day moving average price is $196.25. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market cap of $3.51 trillion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AAPL shares. Tigress Financial increased their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Citigroup restated a “buy” rating and issued a $255.00 price target on shares of Apple in a research note on Tuesday, August 27th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Monday, August 5th. Finally, Sanford C. Bernstein raised their price target on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $237.30.

About Apple

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.