HM Capital Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,822 shares of the iPhone maker’s stock after acquiring an additional 401 shares during the quarter. Apple accounts for 0.7% of HM Capital Management LLC’s holdings, making the stock its 18th biggest position. HM Capital Management LLC’s holdings in Apple were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Delphi Private Advisors LLC acquired a new position in shares of Apple in the 2nd quarter valued at approximately $120,000. Selective Wealth Management acquired a new position in shares of Apple in the 3rd quarter valued at approximately $194,000. Lawson Kroeker Investment Management Inc. NE acquired a new position in shares of Apple in the 3rd quarter valued at approximately $201,000. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Apple in the 3rd quarter valued at approximately $201,000. Finally, Boston Standard Wealth Management LLC acquired a new position in shares of Apple in the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 56.59% of the company’s stock.
AAPL traded down $0.32 during trading hours on Tuesday, reaching $175.53. The company’s stock had a trading volume of 19,726,570 shares, compared to its average volume of 31,934,871. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. The stock has a market cap of $850.17 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.
Apple (NASDAQ:AAPL) last posted its quarterly 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 return on equity of 50.92% and a net margin of 22.72%. The business had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. Equities analysts forecast that Apple Inc. will post 11.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 11th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, February 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.
A number of equities analysts have weighed in on the company. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded Apple from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. BTIG Research reduced their price target on Apple from $197.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Maxim Group reduced their price target on Apple from $212.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Nomura reduced their price target on Apple from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Apple currently has an average rating of “Hold” and a consensus price target of $191.66.
In related news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
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Apple Company Profile
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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