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.
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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.
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