Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,932,077 shares of the iPhone maker’s stock after acquiring an additional 47,987 shares during the quarter. Apple comprises approximately 4.7% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its biggest position. Mutual of America Capital Management LLC’s holdings in Apple were worth $450,174,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AAPL. 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 acquired a new position in Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position 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 during the last quarter. ARK Investment Management LLC purchased a new position in Apple during the third quarter worth about $110,000. Finally, Cordant Inc. increased its position in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AAPL shares. Wedbush restated an “outperform” rating and issued a $325.00 price objective on shares of Apple in a report on Thursday. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Raymond James lifted their price objective on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Piper Sandler reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Finally, Oppenheimer restated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $238.05.

Apple Trading Down 0.4 %

AAPL opened at $222.78 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The business’s 50 day moving average is $240.97 and its two-hundred day moving average is $230.72. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. On average, research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid 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 dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is 16.45%.

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.