BluePointe Capital Management LLC Has $3.20 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

BluePointe Capital Management LLC lifted its position in 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. The fund owned 13,733 shares of the iPhone maker’s stock after buying an additional 354 shares during the quarter. Apple comprises approximately 2.1% of BluePointe Capital Management LLC’s holdings, making the stock its 12th largest position. BluePointe Capital Management LLC’s holdings in Apple were worth $3,200,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the 3rd 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 period. ARK Investment Management LLC bought a new position in shares of Apple during the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. lifted its position 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 buying an additional 173 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $223.83 on Thursday. The firm has a market cap of $3.37 trillion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. 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 business has a 50 day moving average price of $241.09 and a 200-day moving average price of $230.82.

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

Apple Dividend Announcement

The firm also recently declared 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 0.45%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,130 shares of the firm’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 sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now 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 position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAPL. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research note on Friday, October 25th. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and lowered their target price for the company from $211.84 to $200.75 in a research note on Tuesday. Finally, Raymond James lifted their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $237.99.

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.