Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Donaldson Capital Management LLC

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Donaldson Capital Management LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 224,152 shares of the iPhone maker’s stock after purchasing an additional 25,172 shares during the period. Apple accounts for approximately 3.7% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Donaldson Capital Management LLC’s holdings in Apple were worth $50,203,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Centaurus Financial Inc. increased its holdings in Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares in the last quarter. Avondale Wealth Management lifted its stake in shares of Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after buying an additional 64 shares in the last quarter. NuWave Investment Management LLC lifted its stake in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 449 shares in the last quarter. Horan Securities Inc. grew its holdings in shares of Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after buying an additional 221 shares during the last quarter. Finally, Belvedere Advisors LLC bought a new stake in shares of Apple during the second quarter worth about $119,000. 59.19% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on AAPL shares. Citigroup raised their price target on shares of Apple from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. DZ Bank upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, November 1st. HSBC set a $190.00 price target on Apple and gave the stock a “sell” rating in a report on Thursday, September 26th. Barclays raised their price objective on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Bank of America reiterated a “buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of Apple in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $246.46.

AAPL traded up $5.13 during trading on Friday, reaching $270.71. 25,447,644 shares of the company were exchanged, compared to its average volume of 20,559,496. The company’s 50-day moving average is $256.55 and its two-hundred day moving average is $218.07. The company has a market cap of $1,180.04 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.92 and a beta of 1.24. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $268.25. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01.

Apple (NASDAQ:AAPL) last posted its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.19. The business had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. Apple had a net margin of 21.24% and a return on equity of 53.82%. Apple’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.91 EPS. Equities analysts forecast that Apple Inc. will post 13.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $3.08 annualized dividend and a dividend yield of 1.14%. Apple’s payout ratio is currently 25.90%.

In other Apple news, CFO Luca Maestri sold 61,659 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $228.38, for a total transaction of $14,081,682.42. Following the sale, the chief financial officer now owns 85,507 shares in the company, valued at $19,528,088.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur D. Levinson sold 37,394 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the transaction, the director now owns 1,170,677 shares of the company’s stock, valued at $301,788,823.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,998 shares of company stock valued at $42,351,593. Corporate insiders own 0.05% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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