Chicago Capital LLC Buys 342 Shares of Apple Inc. (NASDAQ:AAPL)

Chicago Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 546,116 shares of the iPhone maker’s stock after purchasing an additional 342 shares during the quarter. Apple accounts for 3.5% of Chicago Capital LLC’s holdings, making the stock its 3rd biggest holding. Chicago Capital LLC’s holdings in Apple were worth $127,245,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Hershey Financial Advisers LLC acquired a new stake in Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. Cordant Inc. raised its position in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares during the last quarter. Hoese & Co LLP raised its position in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new position in Apple in the second quarter valued at about $206,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $248.13 on Friday. The stock has a fifty day simple moving average of $232.50 and a 200 day simple moving average of $223.41. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $250.80. The company has a market capitalization of $3.75 trillion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. Apple’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.40%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AAPL shares. UBS Group reiterated a “neutral” rating and issued a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Tuesday. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and increased their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Apple in a research report on Friday, November 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Apple Profile

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.