Raelipskie Partnership Purchases 2,025 Shares of Apple Inc. (NASDAQ:AAPL)

Raelipskie Partnership raised its position in Apple Inc. (NASDAQ:AAPL) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,924 shares of the iPhone maker’s stock after purchasing an additional 2,025 shares during the period. Apple makes up about 2.8% of Raelipskie Partnership’s investment portfolio, making the stock its 11th biggest holding. Raelipskie Partnership’s holdings in Apple were worth $5,807,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bull Oak Capital LLC grew its stake 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 acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc increased its stake in Apple by 88.9% in the 3rd 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. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the 3rd quarter valued at about $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAPL shares. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Friday, December 13th. UBS Group reissued a “neutral” rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Barclays dropped their price objective on Apple from $184.00 to $183.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Rosenblatt Securities increased their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Apple Stock Performance

NASDAQ AAPL opened at $222.78 on Friday. The company has a market capitalization of $3.35 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a fifty day moving average of $240.93 and a 200-day moving average of $230.69.

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

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value 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 $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.

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.