Kuhn & Co Investment Counsel Has $4.11 Million Position in Apple Inc. (NASDAQ:AAPL)

Kuhn & Co Investment Counsel boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,511 shares of the iPhone maker’s stock after acquiring an additional 135 shares during the quarter. Apple makes up approximately 3.7% of Kuhn & Co Investment Counsel’s holdings, making the stock its 3rd biggest holding. Kuhn & Co Investment Counsel’s holdings in Apple were worth $4,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in Apple during the 2nd quarter worth $219,000. SYM FINANCIAL Corp raised its position in shares of Apple by 29.0% during the second quarter. SYM FINANCIAL Corp now owns 26,931 shares of the iPhone maker’s stock worth $5,672,000 after acquiring an additional 6,060 shares during the last quarter. Hardin Capital Partners LLC acquired a new position in shares of Apple during the second quarter valued at $1,083,000. Zions Bancorporation N.A. boosted its holdings in Apple by 7.0% in the second quarter. Zions Bancorporation N.A. now owns 102,706 shares of the iPhone maker’s stock valued at $21,632,000 after acquiring an additional 6,689 shares during the last quarter. Finally, RS Crum Inc. increased its position in Apple by 57.0% in the second quarter. RS Crum Inc. now owns 22,974 shares of the iPhone maker’s stock worth $4,839,000 after purchasing an additional 8,343 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AAPL. Raymond James upped their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Maxim Group reaffirmed a “hold” rating and issued a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. UBS Group reiterated a “hold” rating and set a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $261.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.91.

Apple Trading Down 1.8 %

NASDAQ:AAPL opened at $225.91 on Friday. The company has a market cap of $3.43 trillion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The business has a 50 day moving average price of $227.26 and a two-hundred day moving average price of $211.69. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s payout ratio is 15.22%.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Timothy D. Cook sold 223,986 shares of the business’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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is 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.