MCIA Inc cut shares in Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.2% during the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The institutional investor owned his 23,890 shares of the iPhone maker’s stock after selling his 791 shares during the quarter. Apple accounts for about 1.8% of his MCIA Inc portfolio, making it the 11th largest holding. MCIA Inc’s stake in Apple was valued at $3,437,000 as of its latest filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also changed their stock positions. IFM Investors Pty Ltd increased his position in Apple by 20.0% in the first quarter. He owns 2,615,701 shares of his iPhone maker worth $456,728,000 after IFM Investors Pty Ltd purchased an additional 435,891 shares during this period. Ironwood Wealth Management LLC increased his position at Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC, which now owns his 240,628 shares of his iPhone maker stock worth $42,016,000 after purchasing an additional 1,040 of his shares during the period. Markel Corp increased its position at 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% during 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.
insider trading
In related news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that took place on Tuesday, November 22nd. The shares were sold at an average price of $148.72 for a total of $3,004,144.00. After the sale, insiders now own 31,505 shares of the company, valued at approximately $4,685,423.60. The sale is disclosed in documents filed with the SEC and available on his website. In his other Apple news, senior vice president Deirdre O’brien sold 8,053 shares of his Apple stock in his Monday Oct. 17 deal. The shares sold for an average of $142.45, and the total transaction value he had was $1,147,149.85. After the sale, the Senior Vice President now owns 136,290 shares of the Company stock valued at approximately $19,414,510.50. The sale is disclosed in documents filed with the Securities and Exchange Commission, which can be accessed via this hyperlink. Also, insider Chris Kondo sold 20,200 shares of his Apple stock in a deal on Tuesday, November 22nd. The shares were sold at an average price of $148.72 for a total of $3,004,144.00. After the sale, the insider now owns directly his 31,505 shares in the company, valued at approximately $4,685,423.60. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 204,552 shares of his company stock worth $31,645,123. The insider owns his 0.06% of the company’s shares.
Analyst sets new price target
A number of equity analysts have recently commented on the AAPL stock. Sanford C. Bernstein lowered Apple’s price target from $170.00 to $125.00 in a report on Monday, January 9. In his Wednesday, January 4 report, Wedbush lowered Apple’s price target from his $200.00 to his $175.00 and set the stock’s valuation to “Outperform.” Evercore ISI raised its price target on Apple from $185.00 to $190.00 in a report on Tuesday, September 20, marking the stock as “outperforming.” Barclays lowered its price target for Apple from $144.00 to $133.00 and gave the stock an “equal weight” rating, in a report Wednesday. Finally, Citigroup reiterated its ‘buy’ rating and set a $175.00 price target on Apple stock in its Tuesday, November 8 report. Two investment analysts gave the stock a Sell rating, eight assigned a Hold rating, 21 gave a Buy rating, and one gave a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “moderate buy” and an average target price of $171.22.
Apple Trading Up 1.0 %
NASDAQ:AAPL opened Friday at $134.76. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt to equity ratio of 1.95. His 50-day moving average for this business is $139.33 and his 200-day moving average is $148.25. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The company has a market capitalization of $2.14 trillion, a PE ratio of 22.06, a P/E/G ratio of 1.72, and a beta of 1.24.
Apple (NASDAQ:AAPL – Get Rating) last reported quarterly results on Thursday, October 27th. The iPhone maker reported his earnings per share (EPS) of $1.29 for the quarter, beating his $1.26 consensus estimate by $0.03. The business generated $90.15 billion in revenue for the quarter, compared to consensus estimates of $88.77 billion. Apple’s return on equity was 160.90% and net profit margin was 25.31%. Business revenue increased 7.8% year-on-year. During the same quarter last year, the business recorded his $1.24 EPS. On average, analysts expect Apple Inc. to post 6.19 EPS this year.
Apple announces dividend
The business recently announced a quarterly dividend, which was paid on Thursday, November 10th. A dividend of $0.23 was issued to investors of record on Monday, November 7th. This represents his dividend of $0.92 and a dividend yield of 0.68% on an annualized basis. The ex-dividend date for this dividend was Friday, November 4. Apple’s Dividend Payout Ratio (DPR) is 15.06%.
Apple Profile
(get rating)
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.
Related item
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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