Clarius Group LLC reduced its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.3% in the third quarter, according to the latest 13F filings with the Securities and Exchange Commission. The fund owned his 212,601 shares of iPhone maker stock after selling his 2,905 shares during the period. Apple holds about 2.9% of his holdings in Clarius Group LLC, making the company’s stock his ninth largest. Clarius Group LLC’s holdings in Apple were valued at $29,382,000 at the end of the most recent reporting period.
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Several other hedge funds have also recently changed their positions at AAPL. IFM Investors Pty Ltd raised his Apple stock position by 20.0% in the first quarter. IFM Investors Pty Ltd said he owns 2,615,701 shares of his iPhone maker worth $456,728,000 after he purchased an additional 435,891 shares last quarter. Ironwood Wealth Management LLC. increased its position in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. After purchasing an additional 1,040 shares during the period, it now owns 240,628 shares of iPhone maker stock valued at $42,016,000. Markel Corp increased its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker worth $210,752,000 after purchasing an additional 8,450 shares during the period. Camden Capital LLC increased its position in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of iPhone maker stock valued at $27,305,000 after purchasing an additional 13,200 shares during this period. Finally, Harbor Island Capital LLC increased its position in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of iPhone maker stock valued at $23,629,000 after purchasing an additional 400 shares during this period. 57.60% of the shares are currently owned by hedge funds and other institutional investors.
Analyst Rating Change
A number of equity analysts have recently commented on the AAPL stock. KeyCorp reaffirmed its Buy rating and set a $175.00 price target on Apple stock in its research report on Tuesday, November 8. BNP Paribas downgraded Apple’s stock from ‘outperform’ to ‘neutral’ and set a price target of $140. In an investigative report on Tuesday, January 3rd. Oppenheimer lowered his price target on Apple stock from $190.00 to $170.00, setting the stock at an “outperform” rating in a research report on Monday, Dec. 12. National Bank Financial lowered its price target for Apple shares to $54.00 in its research report on Friday, setting the stock at “outperform.” Finally, Rosenblatt Securities lowered his price target on Apple stock to $165.00 from $189.00, giving it a ‘Buy’ rating in its research report on Friday, January 13. Two investment analysts gave the stock a sell rating, seven gave a hold rating, 22 gave a buy rating, and one gave a strong buy rating. Based on MarketBeat data, Apple’s current average rating is “moderate buy” with an average target price of $166.73.
Insider trading at Apple
In other Apple news, insider Chris Kondo sold 20,200 shares of Apple stock on Tuesday, November 22nd. The shares were sold at an average price of $148.72 for a total of $3,004,144.00. Following the closing of the transaction, insiders now own 31,505 shares of the Company’s stock valued at $4,685,423.60. The transaction was disclosed in filings with the Securities and Exchange Commission, which can be accessed at this link. In other news, insider Chris Kondo sold 20,200 shares of his Apple stock in his Tuesday, November 22nd deal. The shares sold at an average price of $148.72, bringing the total to his $3,004,144.00. After the sale, the insider now owns his 31,505 shares in the company, worth his $4,685,423.60. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. CFO Luca Maestri also sold 176,299 shares of his Apple stock in a deal on Friday, Oct. 28. The shares sold for an average of $155.95, and the total transaction value he had was $27,493,829.05. Following the closing of the sale, the Chief Financial Officer now owns 110,673 shares of the company’s stock valued at approximately $17,259,454.35. Please see here for the disclosure of this sale. His 0.06% of the shares are owned by corporate insiders.
Apple up 1.9%
Apple shares opened at $137.87 on Monday. The company has a debt to equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The company has a 50-day moving average price of $138.72 and a 200-day moving average price of $148.18. Apple Inc. has a one-year low of $124.17 and a one-year high of $179.61. The stock has a market cap of $2.18 trillion, a PE ratio of 22.56, a price/earnings ratio of 1.78, and a beta of 1.24.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker posted earnings per share of $1.29 for him in the quarter, beating analysts’ consensus forecast of $1.26 for him by $0.03. Apple’s net profit margin was 25.31% and return on equity was 160.90%. The company posted revenue of $90.15 billion for the quarter, compared with analysts’ forecast of $88.77 billion. His earnings per share for the company in the same period last year were $1.24. The company’s quarterly revenue increased 7.8% year-on-year. A stock research analyst expects Apple Inc. to bring his earnings per share to 6.19 this year.
Apple Dividend Announcement
The company recently announced its quarterly dividend, which was paid on Thursday, November 10th. A dividend of $0.23 was issued to shareholders of record on Monday, November 7. The ex-dividend date was Friday, November 4. This represents his $0.92 dividend and his 0.67% yield on an annual basis. Apple’s payout percentage is 15.06%.
Apple Inc designs, manufactures and markets smartphones, computers, tablets, wearables and accessories worldwide. We also sell a variety of related services. In addition, the company offers his iPhone, a line of smartphones. Mac, personal computer line. iPad, a line of multi-purpose tablets. Wearables, home, and accessories consisting of AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Want to know which other hedge funds hold AAPL? Visit HoldingsChannel.com to get the latest Apple Inc. (NASDAQ:AAPL – Get Rating) 13F filings and insider trading.
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