Kooman & Associates Has $1.78 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Kooman & Associates increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,436 shares of the iPhone maker’s stock after purchasing an additional 78 shares during the quarter. Apple makes up approximately 0.7% of Kooman & Associates’ holdings, making the stock its 12th biggest holding. Kooman & Associates’ holdings in Apple were worth $1,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Waterloo Capital L.P. increased its position in shares of Apple by 20.0% during the 2nd quarter. Waterloo Capital L.P. now owns 74,236 shares of the iPhone maker’s stock worth $15,635,000 after purchasing an additional 12,394 shares in the last quarter. Marsico Capital Management LLC increased its position in Apple by 63.2% in the 2nd quarter. Marsico Capital Management LLC now owns 1,201,151 shares of the iPhone maker’s stock valued at $252,986,000 after acquiring an additional 465,216 shares in the last quarter. Blair William & Co. IL increased its position in Apple by 5.1% in the 2nd quarter. Blair William & Co. IL now owns 6,407,746 shares of the iPhone maker’s stock valued at $1,349,600,000 after acquiring an additional 310,626 shares in the last quarter. O Brien Greene & Co. Inc increased its position in Apple by 3.8% in the 2nd quarter. O Brien Greene & Co. Inc now owns 62,154 shares of the iPhone maker’s stock valued at $13,091,000 after acquiring an additional 2,289 shares in the last quarter. Finally, Elkhorn Partners Limited Partnership increased its position in Apple by 0.7% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 13,455 shares of the iPhone maker’s stock valued at $2,834,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Citigroup raised their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Maxim Group raised their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Insider Buying and Selling

In related news, insider Chris Kondo sold 5,178 shares of the business’s 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 transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the business’s 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 transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was 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 owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,924 shares of company stock worth $94,142,399. Insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $223.45 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a market capitalization of $3.40 trillion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The firm’s 50 day moving average is $226.98 and its 200-day moving average is $213.44.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the company earned $1.46 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 7.45 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is 16.45%.

Apple 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.