Apple Inc. (NASDAQ:AAPL) Stock Holdings Raised by Catalina Capital Group LLC

Catalina Capital Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,681 shares of the iPhone maker’s stock after acquiring an additional 5,812 shares during the quarter. Apple accounts for 6.1% of Catalina Capital Group LLC’s portfolio, making the stock its biggest holding. Catalina Capital Group LLC’s holdings in Apple were worth $18,100,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AAPL. Balentine LLC raised its stake in shares of Apple by 88.0% during the third quarter. Balentine LLC now owns 108,534 shares of the iPhone maker’s stock valued at $25,288,000 after acquiring an additional 50,801 shares in the last quarter. HF Advisory Group LLC increased its holdings in Apple by 11.2% during the 3rd quarter. HF Advisory Group LLC now owns 10,868 shares of the iPhone maker’s stock worth $2,532,000 after purchasing an additional 1,098 shares during the period. JFG Wealth Management LLC raised its position in Apple by 254.3% during the 3rd quarter. JFG Wealth Management LLC now owns 12,952 shares of the iPhone maker’s stock valued at $3,018,000 after purchasing an additional 9,296 shares in the last quarter. Johnson Financial Group LLC lifted its holdings in shares of Apple by 2.4% in the 3rd quarter. Johnson Financial Group LLC now owns 3,311 shares of the iPhone maker’s stock worth $771,000 after buying an additional 77 shares during the period. Finally, Fiduciary Family Office LLC grew its position in shares of Apple by 48.3% during the 3rd quarter. Fiduciary Family Office LLC now owns 439,469 shares of the iPhone maker’s stock worth $102,396,000 after buying an additional 143,054 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s 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 directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Loop Capital lowered their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Barclays cut their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eleven have issued 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 MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $242.70 on Friday. The company has a 50 day simple moving average of $239.91 and a two-hundred day simple moving average of $229.75. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last posted its 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. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is 16.45%.

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.