Hudson Value Partners LLC Lowers Stake in Apple Inc. $AAPL

Hudson Value Partners LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,378 shares of the iPhone maker’s stock after selling 2,261 shares during the period. Apple comprises approximately 4.8% of Hudson Value Partners LLC’s holdings, making the stock its 3rd biggest position. Hudson Value Partners LLC’s holdings in Apple were worth $13,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC raised its stake in Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after acquiring an additional 205,656,808 shares during the period. Nuveen LLC bought a new stake in Apple during the 1st quarter worth approximately $17,472,482,000. GAMMA Investing LLC grew its holdings in Apple by 25,934.1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after buying an additional 59,835,676 shares in the last quarter. Northern Trust Corp grew its holdings in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. Finally, Amundi grew its holdings in Apple by 27.4% during the 1st quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after buying an additional 14,651,321 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock valued at $65,358,981 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AAPL. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Monness Crespi & Hardt increased their price objective on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a report on Friday, August 1st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.47.

Apple Stock Up 0.2%

NASDAQ AAPL opened at $262.77 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a fifty day moving average of $242.49 and a two-hundred day moving average of $217.74. The firm has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 39.87, a PEG ratio of 2.55 and a beta of 1.09. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $265.29.

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

Apple Dividend Announcement

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

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.