Hanseatic Management Services Inc. Has $868,000 Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Hanseatic Management Services Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,727 shares of the iPhone maker’s stock after buying an additional 205 shares during the period. Apple makes up about 1.2% of Hanseatic Management Services Inc.’s portfolio, making the stock its 29th largest position. Hanseatic Management Services Inc.’s holdings in Apple were worth $868,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lantz Financial LLC raised its holdings in shares of Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the last quarter. BlueSky Wealth Advisors LLC raised its holdings in shares of Apple by 42.1% in the second quarter. BlueSky Wealth Advisors LLC now owns 8,516 shares of the iPhone maker’s stock valued at $1,794,000 after purchasing an additional 2,521 shares during the last quarter. Mcdonald Partners LLC raised its holdings in shares of Apple by 4.0% in the second quarter. Mcdonald Partners LLC now owns 77,458 shares of the iPhone maker’s stock valued at $16,314,000 after purchasing an additional 2,959 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its position in Apple by 3.1% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 29,262 shares of the iPhone maker’s stock valued at $6,163,000 after buying an additional 878 shares during the period. Finally, Divergent Wealth Advisors bought a new position in Apple during the second quarter valued at about $317,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AAPL shares. New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Bank of America restated a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Friday, January 3rd. Finally, Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 2.4 %

Shares of AAPL opened at $236.85 on Friday. The firm’s 50 day simple moving average is $240.18 and its 200 day simple moving average is $230.10. The company has a market capitalization of $3.58 trillion, a P/E ratio of 38.96, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

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.