Hyman Charles D raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,434 shares of the iPhone maker’s stock after acquiring an additional 9,035 shares during the quarter. Apple comprises 1.9% of Hyman Charles D’s investment portfolio, making the stock its 20th biggest holding. Hyman Charles D’s holdings in Apple were worth $16,925,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Delphi Private Advisors LLC acquired a new stake in shares of Apple in the 2nd quarter worth about $120,000. Quattro Financial Advisors LLC bought a new position in shares of Apple during the 1st quarter valued at approximately $133,000. CX Institutional bought a new position in shares of Apple during the 2nd quarter valued at approximately $135,000. Diversified Investment Strategies LLC bought a new position in shares of Apple during the 2nd quarter valued at approximately $206,000. Finally, Financial Advantage Inc. bought a new position in shares of Apple during the 2nd quarter valued at approximately $207,000. 57.08% of the stock is currently owned by institutional investors and hedge funds.
In other Apple news, insider Chris Kondo sold 3,408 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the transaction, the insider now directly owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luca Maestri sold 100,245 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $228.56, for a total transaction of $22,911,997.20. Following the transaction, the insider now owns 91,665 shares of the company’s stock, valued at approximately $20,950,952.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,845 shares of company stock valued at $47,015,677. Company insiders own 0.06% of the company’s stock.
AAPL stock traded down $3.90 during midday trading on Monday, reaching $146.83. 37,169,232 shares of the company’s stock traded hands, compared to its average volume of 33,807,207. Apple Inc. has a 52-week low of $146.59 and a 52-week high of $233.47. The stock has a market cap of $740.86 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business had revenue of $62.90 billion during the quarter, compared to analysts’ expectations of $61.55 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 13.15 earnings per share for the current year.
Several research analysts recently commented on AAPL shares. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a report on Thursday, August 30th. Robert W. Baird set a $230.00 price target on shares of Apple and gave the company a “buy” rating in a report on Tuesday, September 4th. New Street Research reissued a “sell” rating on shares of Apple in a report on Tuesday, September 18th. Needham & Company LLC raised their price target on shares of Apple from $220.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 13th. Finally, Citigroup lowered their price objective on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $221.36.
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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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