Apple Inc. (NASDAQ:AAPL) Stake Raised by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,493 shares of the iPhone maker’s stock after buying an additional 4,985 shares during the period. Apple makes up approximately 3.7% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 4th largest holding. EagleClaw Capital Managment LLC’s holdings in Apple were worth $22,250,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. boosted its position in Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $239.36 on Thursday. The business has a 50-day moving average of $241.17 and a 200 day moving average of $230.75. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.19 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 (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. 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 analysts’ expectations of $94.52 billion. During the same period last year, the business posted $1.46 EPS. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup upped their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and decreased their target price for the company from $211.84 to $200.75 in a research report on Tuesday, January 21st. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Friday, December 13th. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday. Finally, Raymond James increased their target price on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.05.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 $97,474,301.68. The trade was 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 company insiders.

Apple Company 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.