M Holdings Securities Inc. acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,278 shares of the iPhone maker’s stock, valued at approximately $12,381,000. Apple makes up about 3.8% of M Holdings Securities Inc.’s investment portfolio, making the stock its 2nd largest holding.
A number of other hedge funds have also recently bought and sold shares of the stock. Fulcrum Capital LLC increased its holdings in shares of Apple by 5.4% during the 3rd quarter. Fulcrum Capital LLC now owns 55,731 shares of the iPhone maker’s stock worth $12,482,000 after buying an additional 2,844 shares during the last quarter. KLCM Advisors Inc. boosted its holdings in Apple by 2.2% during the 3rd quarter. KLCM Advisors Inc. now owns 11,485 shares of the iPhone maker’s stock valued at $2,572,000 after acquiring an additional 252 shares during the period. Strategic Wealth Advisors Group LLC grew its holdings in shares of Apple by 2.0% in the third quarter. Strategic Wealth Advisors Group LLC now owns 212,149 shares of the iPhone maker’s stock valued at $47,612,000 after purchasing an additional 4,170 shares in the last quarter. Schulhoff & Co. Inc. grew its stake in shares of Apple by 2.1% in the third quarter. Schulhoff & Co. Inc. now owns 5,948 shares of the iPhone maker’s stock worth $1,332,000 after acquiring an additional 125 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of Apple by 2.7% during the third quarter. AlphaMark Advisors LLC now owns 3,267 shares of the iPhone maker’s stock worth $732,000 after acquiring an additional 87 shares during the period. Institutional investors own 59.19% of the company’s stock.
In other Apple news, Director Arthur D. Levinson sold 37,394 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the sale, the director now directly owns 1,170,677 shares of the company’s stock, valued at approximately $301,788,823.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 61,659 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $228.38, for a total transaction of $14,081,682.42. Following the completion of the transaction, the chief financial officer now directly owns 85,507 shares of the company’s stock, valued at approximately $19,528,088.66. The disclosure for this sale can be found here. Insiders have sold a total of 182,998 shares of company stock valued at $42,351,593 over the last 90 days. Insiders own 0.05% of the company’s stock.
Several analysts have recently issued reports on the company. Wells Fargo & Co increased their price objective on Apple from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Cascend Securities boosted their target price on Apple from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Longbow Research upgraded shares of Apple from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a report on Thursday, October 10th. Loop Capital reiterated a “hold” rating and set a $265.00 target price on shares of Apple in a research note on Friday. Finally, ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Apple currently has a consensus rating of “Hold” and a consensus target price of $246.46.
NASDAQ:AAPL opened at $270.71 on Friday. The stock has a market cap of $1,202.84 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $268.25. The firm’s fifty day simple moving average is $256.55 and its 200-day simple moving average is $218.07. 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 released its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $64.04 billion during the quarter, compared to the consensus estimate of $62.86 billion. Apple had a return on equity of 53.82% and a net margin of 21.24%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 EPS. Equities analysts anticipate that Apple Inc. will post 13.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.77 per share. 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 dividend payout ratio is currently 25.90%.
Apple Company Profile
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.
See Also: What is the Coverage Ratio?
Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.