Apple Inc. (NASDAQ:AAPL) Shares Bought by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,529 shares of the iPhone maker’s stock after buying an additional 4,197 shares during the period. Apple accounts for about 1.5% of Clear Creek Financial Management LLC’s portfolio, making the stock its 9th biggest holding. Clear Creek Financial Management LLC’s holdings in Apple were worth $14,112,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Hapanowicz & Associates Financial Services Inc raised its holdings in Apple by 18.8% in the 1st quarter. Hapanowicz & Associates Financial Services Inc now owns 3,542 shares of the iPhone maker’s stock valued at $787,000 after acquiring an additional 560 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in Apple by 2.1% in the 1st quarter. Smith Group Asset Management LLC now owns 255,009 shares of the iPhone maker’s stock valued at $56,645,000 after acquiring an additional 5,129 shares in the last quarter. BLB&B Advisors LLC raised its holdings in Apple by 3.0% in the 1st quarter. BLB&B Advisors LLC now owns 316,530 shares of the iPhone maker’s stock valued at $70,311,000 after acquiring an additional 9,257 shares in the last quarter. WT Asset Management Ltd acquired a new position in Apple in the 1st quarter valued at $25,345,000. Finally, RKL Wealth Management LLC raised its holdings in Apple by 4.7% in the 1st quarter. RKL Wealth Management LLC now owns 134,012 shares of the iPhone maker’s stock valued at $29,768,000 after acquiring an additional 6,040 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Loop Capital dropped their price objective on Apple from $230.00 to $215.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $237.60.

Apple Stock Down 0.5%

AAPL stock opened at $231.59 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The stock’s 50 day simple moving average is $209.69 and its 200 day simple moving average is $213.14. The company has a market cap of $3.44 trillion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. On average, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

Apple declared that its board has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.