Carlson Capital Management lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,704 shares of the iPhone maker’s stock after buying an additional 1,652 shares during the period. Apple comprises about 0.5% of Carlson Capital Management’s investment portfolio, making the stock its 20th largest holding. Carlson Capital Management’s holdings in Apple were worth $1,965,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Meridian Wealth Management LLC raised its stake in Apple by 1.8% in the third quarter. Meridian Wealth Management LLC now owns 17,854 shares of the iPhone maker’s stock valued at $4,030,000 after buying an additional 314 shares during the period. Reilly Financial Advisors LLC grew its position in Apple by 1.7% during the third quarter. Reilly Financial Advisors LLC now owns 97,174 shares of the iPhone maker’s stock worth $21,936,000 after buying an additional 1,668 shares in the last quarter. Vanguard Capital Wealth Advisors grew its position in Apple by 5.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 25,162 shares of the iPhone maker’s stock worth $5,680,000 after buying an additional 1,291 shares in the last quarter. American Financial Network Advisory Services LLC grew its position in Apple by 10,899.0% during the third quarter. American Financial Network Advisory Services LLC now owns 22,328 shares of the iPhone maker’s stock worth $5,040,000 after buying an additional 22,125 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC boosted its holdings in shares of Apple by 2,474.2% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 42,964 shares of the iPhone maker’s stock valued at $9,699,000 after purchasing an additional 41,295 shares in the last quarter. 57.00% of the stock is owned by institutional investors.
In other news, insider Chris Kondo sold 3,408 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the sale, the director now owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.
AAPL stock opened at $170.41 on Friday. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The stock has a market capitalization of $837.59 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.78 and a beta of 1.13. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $84.07 billion. On average, equities analysts anticipate that Apple Inc. will post 11.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 8th. Apple’s dividend payout ratio is 24.52%.
Several research firms have recently weighed in on AAPL. DA Davidson lowered their price objective on 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 Apple and gave the company a “buy” rating in a research note on Monday, January 28th. Robert W. Baird cut their price target on Apple from $230.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Citigroup cut their target price on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, ValuEngine downgraded Apple from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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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