Hoese & Co LLP Has $155,000 Stock Position in Apple Inc. (NASDAQ:AAPL)

Hoese & Co LLP cut its position in Apple Inc. (NASDAQ:AAPL) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 855 shares of the iPhone maker’s stock after selling 112 shares during the period. Hoese & Co LLP’s holdings in Apple were worth $155,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Yeomans Consulting Group Inc. bought a new position in shares of Apple in the fourth quarter valued at about $1,713,000. Raleigh Capital Management Inc. lifted its position in shares of Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares in the last quarter. Headinvest LLC grew its stake in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of Apple in the fourth quarter valued at approximately $38,406,000. Finally, Barden Capital Management Inc. raised its position in Apple by 132.8% in the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after purchasing an additional 18,615 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup lowered their target price on Apple from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Sanford C. Bernstein raised Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a report on Monday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Apple in a research note on Tuesday, June 11th. Barclays reiterated an “underweight” rating and set a $164.00 price target on shares of Apple in a research report on Tuesday, June 11th. Finally, Maxim Group initiated coverage on shares of Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.06.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 346,270 shares of company stock worth $60,880,196. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 2.2 %

NASDAQ AAPL opened at $209.68 on Friday. The stock has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.61 and a beta of 1.25. The stock’s 50 day moving average price is $187.25 and its two-hundred day moving average price is $184.74. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $220.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. As a group, analysts anticipate that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple’s payout ratio is presently 15.55%.

Apple declared that its board has authorized a stock buyback program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Apple

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.