Apple Inc. (NASDAQ:AAPL) Holdings Raised by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,312 shares of the iPhone maker’s stock after purchasing an additional 5,362 shares during the quarter. Apple accounts for approximately 3.0% of Pine Valley Investments Ltd Liability Co’s investment portfolio, making the stock its 2nd biggest holding. Pine Valley Investments Ltd Liability Co’s holdings in Apple were worth $48,770,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Capstone Capital LLC boosted its stake in shares of Apple by 4.8% during the 3rd quarter. Capstone Capital LLC now owns 3,486 shares of the iPhone maker’s stock worth $812,000 after acquiring an additional 161 shares in the last quarter. Sculati Wealth Management LLC boosted its stake in shares of Apple by 0.8% during the 3rd quarter. Sculati Wealth Management LLC now owns 61,328 shares of the iPhone maker’s stock worth $14,289,000 after acquiring an additional 480 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in shares of Apple during the 3rd quarter worth about $6,743,000. Tudor Financial Inc. purchased a new stake in shares of Apple during the 3rd quarter worth about $2,370,000. Finally, Te Ahumairangi Investment Management Ltd boosted its stake in shares of Apple by 1.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 121,033 shares of the iPhone maker’s stock worth $28,041,000 after acquiring an additional 2,033 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 1.3 %

Apple stock opened at $244.60 on Friday. 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 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a 50 day moving average price of $240.67 and a 200 day moving average price of $231.41. The company has a market capitalization of $3.67 trillion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted 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%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’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 completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Sanford C. Bernstein raised their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley raised their price target on shares of Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup raised their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.