Wick Capital Partners LLC Grows Stock Position in Apple Inc. (NASDAQ:AAPL)

Wick Capital Partners LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,122 shares of the iPhone maker’s stock after purchasing an additional 974 shares during the quarter. Apple makes up approximately 0.7% of Wick Capital Partners LLC’s holdings, making the stock its 20th biggest position. Wick Capital Partners LLC’s holdings in Apple were worth $1,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Azzad Asset Management Inc. ADV increased its holdings in Apple by 1.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 174,052 shares of the iPhone maker’s stock worth $29,846,000 after acquiring an additional 1,962 shares in the last quarter. Graphene Investments SAS increased its holdings in Apple by 11.4% in the 1st quarter. Graphene Investments SAS now owns 54,700 shares of the iPhone maker’s stock worth $9,380,000 after acquiring an additional 5,600 shares in the last quarter. KFG Wealth Management LLC boosted its stake in Apple by 31.3% in the 1st quarter. KFG Wealth Management LLC now owns 23,944 shares of the iPhone maker’s stock worth $4,106,000 after purchasing an additional 5,702 shares during the period. Svenska Handelsbanken AB publ bought a new position in Apple in the 1st quarter worth approximately $343,000. Finally, OMNI 360 Wealth Inc. boosted its stake in Apple by 4.1% in the 1st quarter. OMNI 360 Wealth Inc. now owns 16,308 shares of the iPhone maker’s stock worth $2,796,000 after purchasing an additional 638 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 412,746 shares of company stock valued at $93,021,362 in the last three months. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

AAPL opened at $224.23 on Wednesday. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a market cap of $3.39 trillion, a P/E ratio of 36.88, a PEG ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50-day simple moving average is $226.72 and its 200-day simple moving average is $215.06.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

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 given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AAPL shares. The Goldman Sachs Group upped their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Citigroup increased their target price on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and increased their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, Tigress Financial increased their target price on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

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.