Twin Lakes Capital Management LLC Has $19.26 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Twin Lakes Capital Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,675 shares of the iPhone maker’s stock after purchasing an additional 46 shares during the period. Apple makes up approximately 10.5% of Twin Lakes Capital Management LLC’s holdings, making the stock its 2nd largest position. Twin Lakes Capital Management LLC’s holdings in Apple were worth $19,263,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAPL. Bull Oak Capital LLC boosted 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 during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc lifted its stake 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 valued at $69,000 after buying an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the 3rd quarter valued at $110,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction 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 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 owned by insiders.

Apple Price Performance

NASDAQ AAPL opened at $241.53 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50 day moving average price is $240.70 and its 200-day moving average price is $231.34. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a market cap of $3.63 trillion, a PE ratio of 38.34, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AAPL shares. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Sanford C. Bernstein boosted their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Barclays boosted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $211.84 to $200.75 in a research note on Thursday, January 30th. Finally, Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

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.