Apple Inc. (NASDAQ:AAPL) Shares Acquired by Cable Hill Partners LLC

Cable Hill Partners LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 33.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,871 shares of the iPhone maker’s stock after purchasing an additional 20,356 shares during the quarter. Apple makes up approximately 1.9% of Cable Hill Partners LLC’s holdings, making the stock its 12th largest position. Cable Hill Partners LLC’s holdings in Apple were worth $18,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bell Bank raised its stake in Apple by 15.7% during the 3rd quarter. Bell Bank now owns 73,994 shares of the iPhone maker’s stock valued at $17,241,000 after acquiring an additional 10,065 shares in the last quarter. Firetrail Investments PTY Ltd. bought a new stake in Apple during the 3rd quarter valued at $31,867,000. Axim Planning & Wealth raised its stake in Apple by 12.5% during the 3rd quarter. Axim Planning & Wealth now owns 1,087 shares of the iPhone maker’s stock valued at $253,000 after acquiring an additional 121 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its stake in Apple by 17.8% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 76,845 shares of the iPhone maker’s stock valued at $17,905,000 after acquiring an additional 11,628 shares in the last quarter. Finally, Parthenon LLC raised its stake in Apple by 1.3% during the 3rd quarter. Parthenon LLC now owns 126,393 shares of the iPhone maker’s stock valued at $29,450,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $222.64 on Wednesday. The company has a market capitalization of $3.35 trillion, a PE ratio of 36.62, a PEG ratio of 2.25 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $241.12 and its 200 day simple moving average is $230.85.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. On average, research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a research note on Friday, October 25th. Evercore ISI reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Citigroup boosted their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $211.84 to $200.75 in a research note on Tuesday. Finally, Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.02.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was 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 owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

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.