Hibernia Wealth Partners LLC Acquires 6,963 Shares of Apple Inc. (NASDAQ:AAPL)

Hibernia Wealth Partners LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 123.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,605 shares of the iPhone maker’s stock after buying an additional 6,963 shares during the quarter. Apple accounts for approximately 0.9% of Hibernia Wealth Partners LLC’s portfolio, making the stock its 18th largest holding. Hibernia Wealth Partners LLC’s holdings in Apple were worth $2,937,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% during 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 period. Hershey Financial Advisers LLC bought a new position in shares of Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. Cordant Inc. grew its stake in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. purchased a new position in Apple during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.3 %

AAPL stock opened at $255.59 on Friday. 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 Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The stock has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, a P/E/G ratio of 2.41 and a beta of 1.23. The business has a fifty day moving average price of $237.41 and a 200-day moving average price of $227.65.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the firm posted $1.46 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple’s payout ratio is 16.45%.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 508,170 shares of company stock worth $117,004,745 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AAPL shares. Loop Capital dropped their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Maxim Group lifted their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Evercore ISI reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Citigroup raised their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Moffett Nathanson reduced their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $237.47.

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.