HM Capital Management LLC Has $863,000 Holdings in Apple Inc. (AAPL)

HM Capital Management LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,822 shares of the iPhone maker’s stock after buying an additional 401 shares during the period. Apple comprises approximately 0.7% of HM Capital Management LLC’s portfolio, making the stock its 18th largest position. HM Capital Management LLC’s holdings in Apple were worth $863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Delphi Private Advisors LLC bought a new position in Apple in the second quarter worth about $120,000. Selective Wealth Management bought a new stake in shares of Apple during the third quarter valued at approximately $194,000. Lawson Kroeker Investment Management Inc. NE bought a new stake in shares of Apple during the third quarter valued at approximately $201,000. Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Apple during the third quarter valued at approximately $201,000. Finally, Boston Standard Wealth Management LLC bought a new stake in shares of Apple during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 60.22% of the company’s stock.

In other news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the sale, the insider now directly owns 8,940 shares in the company, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 1,521 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now owns 1,134,804 shares in the company, valued at $190,317,978.84. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

AAPL opened at $170.41 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The firm has a market cap of $837.59 billion, a P/E ratio of 14.31, a PEG ratio of 1.75 and a beta of 1.13.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The company had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. As a group, equities analysts expect that Apple Inc. will post 11.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.71%. Apple’s dividend payout ratio is currently 24.52%.

Several equities research analysts recently weighed in on AAPL shares. DA Davidson reduced their price target on shares of Apple to $260.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. UBS Group set a $185.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Monday, January 28th. Robert W. Baird reduced their price target on shares of Apple from $230.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Citigroup reduced their price target on shares of Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of Apple from a “hold” rating to a “sell” rating in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $191.66.

WARNING: “HM Capital Management LLC Has $863,000 Holdings in Apple Inc. (AAPL)” was originally reported by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thestockobserver.com/2019/02/11/hm-capital-management-llc-has-863000-holdings-in-apple-inc-aapl.html.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Featured Story: Why is cost of goods sold important?

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply