Apple Inc. (NASDAQ:AAPL) Position Raised by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,126 shares of the iPhone maker’s stock after purchasing an additional 2,254 shares during the period. Apple accounts for about 1.9% of Hohimer Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Hohimer Wealth Management LLC’s holdings in Apple were worth $8,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nottingham Advisors Inc. grew its position in shares of Apple by 23.8% in the second quarter. Nottingham Advisors Inc. now owns 22,070 shares of the iPhone maker’s stock valued at $4,648,000 after purchasing an additional 4,237 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in Apple by 795.4% in the 2nd quarter. Chase Investment Counsel Corp now owns 34,696 shares of the iPhone maker’s stock worth $7,705,000 after purchasing an additional 30,821 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in Apple by 5.2% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 119,573 shares of the iPhone maker’s stock valued at $25,185,000 after buying an additional 5,878 shares in the last quarter. Unison Asset Management LLC grew its holdings in Apple by 0.7% during the 2nd quarter. Unison Asset Management LLC now owns 29,002 shares of the iPhone maker’s stock valued at $6,108,000 after buying an additional 189 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its position in shares of Apple by 17.6% during the second quarter. Impact Partnership Wealth LLC now owns 41,584 shares of the iPhone maker’s stock valued at $8,758,000 after buying an additional 6,218 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AAPL shares. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $300.00 in a research report on Monday, July 15th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price target on shares of Apple in a report on Monday, September 9th. Moffett Nathanson initiated coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, The Goldman Sachs Group boosted their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $239.27.

Apple Stock Performance

Apple stock opened at $235.00 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The firm has a 50-day moving average of $225.78 and a 200-day moving average of $208.38.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the business posted $1.26 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

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.