Rosenberg Matthew Hamilton Has $2.63 Million Position in Apple Inc. (NASDAQ:AAPL)

Rosenberg Matthew Hamilton boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,277 shares of the iPhone maker’s stock after acquiring an additional 150 shares during the quarter. Apple makes up approximately 0.7% of Rosenberg Matthew Hamilton’s portfolio, making the stock its 23rd largest holding. Rosenberg Matthew Hamilton’s holdings in Apple were worth $2,627,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. Cordant Inc. boosted its stake in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares in the last quarter. Finally, Sage Financial Group Inc. acquired a new position in shares of Apple during the 2nd quarter valued at about $206,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of Apple stock opened at $250.42 on Thursday. The firm has a fifty day moving average of $238.41 and a two-hundred day moving average of $228.58. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the firm earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s payout ratio is 16.45%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wedbush boosted their target price on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, December 26th. Morgan Stanley restated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. Citigroup raised their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and lifted their target price for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Finally, Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $237.47.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,435 shares of company stock worth $39,376,002 over the last ninety days. 0.06% of the stock is currently owned by corporate 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.