Schulhoff & Co. Inc. Has $4.30 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Schulhoff & Co. Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,468 shares of the iPhone maker’s stock after selling 495 shares during the quarter. Apple accounts for about 1.8% of Schulhoff & Co. Inc.’s holdings, making the stock its 15th biggest position. Schulhoff & Co. Inc.’s holdings in Apple were worth $4,303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Curi RMB Capital LLC raised its position in Apple by 7.3% in the third quarter. Curi RMB Capital LLC now owns 334,583 shares of the iPhone maker’s stock worth $77,958,000 after acquiring an additional 22,880 shares during the period. Planning Capital Management Corp increased its holdings in Apple by 23.0% during the 3rd quarter. Planning Capital Management Corp now owns 26,978 shares of the iPhone maker’s stock worth $6,286,000 after acquiring an additional 5,046 shares during the period. Wealthstream Advisors Inc. increased its holdings in Apple by 2.4% during the 3rd quarter. Wealthstream Advisors Inc. now owns 17,171 shares of the iPhone maker’s stock worth $4,001,000 after acquiring an additional 399 shares during the period. Zions Bancorporation N.A. increased its holdings in Apple by 3.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 106,630 shares of the iPhone maker’s stock worth $24,845,000 after acquiring an additional 3,924 shares during the period. Finally, BCM Advisors LLC grew its stake in Apple by 2.5% in the 3rd quarter. BCM Advisors LLC now owns 8,736 shares of the iPhone maker’s stock worth $1,940,000 after buying an additional 213 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. New Street Research reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Wedbush upped their price objective on shares of Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, December 26th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a research note on Friday, October 25th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $238.02.

Apple Price Performance

NASDAQ AAPL opened at $222.64 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.25 and a beta of 1.20. The company’s 50 day moving average is $241.12 and its two-hundred day moving average is $230.85. 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 posted 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the firm posted $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was 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 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.