Mission Creek Capital Partners Inc. Purchases 2,605 Shares of Apple Inc. (NASDAQ:AAPL)

Mission Creek Capital Partners Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,845 shares of the iPhone maker’s stock after buying an additional 2,605 shares during the quarter. Apple comprises 4.9% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its biggest holding. Mission Creek Capital Partners Inc.’s holdings in Apple were worth $21,167,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heritage Family Offices LLP bought a new position in shares of Apple in the second quarter valued at approximately $3,331,000. Equita Financial Network Inc. lifted its position in Apple by 50.2% during the 2nd quarter. Equita Financial Network Inc. now owns 4,792 shares of the iPhone maker’s stock worth $1,009,000 after buying an additional 1,601 shares in the last quarter. MUFG Securities EMEA plc lifted its position in Apple by 2,278.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 350,000 shares of the iPhone maker’s stock worth $73,717,000 after buying an additional 335,283 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Apple by 19.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,014,406 shares of the iPhone maker’s stock valued at $213,654,000 after purchasing an additional 166,794 shares during the period. Finally, Austin Wealth Management LLC grew its stake in Apple by 2.8% in the 2nd quarter. Austin Wealth Management LLC now owns 24,374 shares of the iPhone maker’s stock valued at $5,547,000 after buying an additional 672 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $325.00 price target on shares of Apple in a research note on Thursday, January 23rd. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $211.84 to $200.75 in a report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Evercore ISI raised their price target on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 4,130 shares of the 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $227.63 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company’s 50 day moving average is $241.26 and its 200 day moving average is $231.04. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.42 trillion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s payout ratio is 15.87%.

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.