DDD Partners LLC Buys 461 Shares of Apple Inc. (NASDAQ:AAPL)

DDD Partners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,339 shares of the iPhone maker’s stock after purchasing an additional 461 shares during the quarter. Apple comprises about 4.5% of DDD Partners LLC’s investment portfolio, making the stock its 4th biggest position. DDD Partners LLC’s holdings in Apple were worth $39,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Access Investment Management LLC acquired a new stake in Apple in the 1st quarter worth about $140,000. Hoese & Co LLP lifted its holdings in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the second quarter worth approximately $208,000. Sequent Asset Management LLC purchased a new stake in Apple in the second quarter valued at approximately $214,000. Finally, Financial Life Advisors acquired a new position in Apple during the fourth quarter worth approximately $212,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAPL. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Wedbush restated an “outperform” rating and set a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Barclays reaffirmed an “underweight” rating and issued a $186.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Finally, Maxim Group reiterated a “hold” rating and set a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Apple Stock Up 1.1 %

AAPL stock opened at $233.85 on Wednesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.59 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The firm’s 50-day simple moving average is $224.59 and its 200 day simple moving average is $207.04.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 in the last three months. 0.06% of the stock is currently owned by insiders.

About Apple

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.