Apple Inc. (NASDAQ:AAPL) is Menard Financial Group LLC’s 7th Largest Position

Menard Financial Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,221 shares of the iPhone maker’s stock after purchasing an additional 48 shares during the quarter. Apple comprises 1.9% of Menard Financial Group LLC’s portfolio, making the stock its 7th biggest holding. Menard Financial Group LLC’s holdings in Apple were worth $2,848,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Mission Creek Capital Partners Inc. raised its position in shares of Apple by 3.0% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 90,845 shares of the iPhone maker’s stock worth $21,167,000 after acquiring an additional 2,605 shares in the last quarter. Morse Asset Management Inc grew its stake in Apple by 4.8% during the 3rd quarter. Morse Asset Management Inc now owns 38,943 shares of the iPhone maker’s stock worth $9,074,000 after buying an additional 1,795 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in Apple by 21.4% during the 3rd quarter. Motley Fool Asset Management LLC now owns 465,026 shares of the iPhone maker’s stock worth $105,194,000 after buying an additional 81,927 shares during the last quarter. IHT Wealth Management LLC grew its stake in Apple by 51.2% during the 3rd quarter. IHT Wealth Management LLC now owns 591,583 shares of the iPhone maker’s stock worth $136,914,000 after buying an additional 200,209 shares during the last quarter. Finally, Independent Family Office LLC grew its stake in Apple by 35.7% during the 3rd quarter. Independent Family Office LLC now owns 6,824 shares of the iPhone maker’s stock worth $1,563,000 after buying an additional 1,796 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $227.63 on Monday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The stock has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a fifty day moving average of $241.26 and a 200-day moving average of $231.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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 research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on AAPL shares. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt boosted their price target on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 price target on shares of Apple in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price target on Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

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.