Richard C. Young & CO. LTD. boosted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 79,005 shares of the iPhone maker’s stock after acquiring an additional 1,245 shares during the quarter. Apple comprises about 2.0% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 15th largest position. Richard C. Young & CO. LTD.’s holdings in Apple were worth $18,408,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. lifted its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insider Activity at Apple
In related news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on AAPL
Apple Stock Down 0.4 %
AAPL stock opened at $222.78 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.19 and a beta of 1.20. The company’s 50 day moving average price is $240.93 and its 200 day moving average price is $230.70.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping 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 company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the business earned $1.46 EPS. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.
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.
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