DDD Partners LLC Purchases 1,518 Shares of Apple Inc. $AAPL

DDD Partners LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,356 shares of the iPhone maker’s stock after buying an additional 1,518 shares during the quarter. Apple accounts for approximately 3.5% of DDD Partners LLC’s investment portfolio, making the stock its 4th largest position. DDD Partners LLC’s holdings in Apple were worth $32,285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Baker Boyer National Bank raised its position in Apple by 0.3% during the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC increased its stake in shares of Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after buying an additional 49 shares during the period. Red Tortoise LLC raised its position in shares of Apple by 0.9% during the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after acquiring an additional 49 shares during the last quarter. SigFig Wealth Management LLC raised its position in shares of Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after acquiring an additional 50 shares during the last quarter. Finally, Shariaportfolio Inc. lifted its stake in shares of Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after acquiring an additional 50 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares in the company, valued at approximately $2,168,373.35. This represents a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 228,052 shares of company stock valued at $58,604,588 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $276.97 on Wednesday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $280.38. The company has a market cap of $4.09 trillion, a price-to-earnings ratio of 42.03, a PEG ratio of 2.62 and a beta of 1.09. The company’s fifty day moving average price is $261.05 and its two-hundred day moving average price is $230.47. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio (DPR) is currently 13.92%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Thursday, September 4th. CLSA upgraded shares of Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Sanford C. Bernstein set a $325.00 target price on shares of Apple in a report on Monday, November 3rd. The Goldman Sachs Group increased their price target on Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $278.22.

About Apple

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.