Quarry Hill Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,357 shares of the iPhone maker’s stock after purchasing an additional 383 shares during the quarter. Apple accounts for 0.5% of Quarry Hill Advisors LLC’s portfolio, making the stock its 24th largest position. Quarry Hill Advisors LLC’s holdings in Apple were worth $575,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AAPL. IFM Investors Pty Ltd grew its stake in Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after acquiring an additional 1,040 shares in the last quarter. Markel Corp grew its position in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares in the last quarter. Camden Capital LLC grew its position in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC grew its position in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.
AAPL has been the subject of several research reports. DA Davidson began coverage on Apple in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price for the company. Bank of America raised Apple from a “neutral” rating to a “buy” rating and raised their price target for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. The Goldman Sachs Group raised their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Friday, February 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.27.
In other Apple news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is owned by insiders.
Shares of Apple stock opened at $184.37 on Friday. The stock’s fifty day moving average is $188.59 and its 200-day moving average is $183.61. The firm has a market capitalization of $2.85 trillion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12-month low of $143.90 and a 12-month high of $199.62.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.
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.
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