Apple Inc. (NASDAQ:AAPL) Shares Bought by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,634 shares of the iPhone maker’s stock after buying an additional 388 shares during the quarter. Apple comprises 1.7% of Hutchens & Kramer Investment Management Group LLC’s portfolio, making the stock its 14th largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Apple were worth $3,164,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. 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 valued at $36,000 after buying an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL opened at $218.27 on Friday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The stock’s fifty day moving average is $231.82 and its 200-day moving average is $233.33. 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 market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Friday, March 14th. Finally, Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $243.65.

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.