Excalibur Management Corp Has $12.03 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Excalibur Management Corp raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,124 shares of the iPhone maker’s stock after purchasing an additional 275 shares during the period. Apple accounts for about 4.9% of Excalibur Management Corp’s portfolio, making the stock its 3rd biggest position. Excalibur Management Corp’s holdings in Apple were worth $12,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lmcg Investments LLC raised its position in Apple by 1.2% during the second quarter. Lmcg Investments LLC now owns 316,521 shares of the iPhone maker’s stock valued at $66,666,000 after purchasing an additional 3,747 shares during the period. Luts & Greenleigh Group Inc. purchased a new position in Apple during the 2nd quarter worth $4,787,000. MSA Advisors LLC increased its holdings in Apple by 5.4% during the 2nd quarter. MSA Advisors LLC now owns 108,090 shares of the iPhone maker’s stock worth $22,766,000 after purchasing an additional 5,560 shares during the period. Wulff Hansen & CO. increased its holdings in Apple by 21,469.2% during the 2nd quarter. Wulff Hansen & CO. now owns 2,283,963 shares of the iPhone maker’s stock worth $481,048,000 after purchasing an additional 2,273,374 shares during the period. Finally, Montag & Caldwell LLC increased its holdings in Apple by 79.0% during the 2nd quarter. Montag & Caldwell LLC now owns 113,899 shares of the iPhone maker’s stock worth $23,989,000 after purchasing an additional 50,256 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 1.3 %

Shares of AAPL opened at $222.91 on Monday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average is $227.18 and its two-hundred day moving average is $212.64. The stock has a market cap of $3.39 trillion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 145.09%. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 7.48 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 11th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Moffett Nathanson assumed coverage on Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. TD Cowen raised their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Melius Research reaffirmed a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Evercore ISI reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, Raymond James increased their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $236.23.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,924 shares of company stock valued at $94,142,399 in the last 90 days. 0.06% of the stock is owned by insiders.

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.