Apple Inc. (NASDAQ:AAPL) is Hamilton Wealth LLC’s 3rd Largest Position

Hamilton Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,166 shares of the iPhone maker’s stock after buying an additional 4,379 shares during the quarter. Apple makes up 6.8% of Hamilton Wealth LLC’s holdings, making the stock its 3rd largest holding. Hamilton Wealth LLC’s holdings in Apple were worth $21,806,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in Apple during the 1st quarter valued at approximately $35,000. Fidelis Capital Partners LLC boosted its position in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple during the fourth quarter valued at $39,000. Gilfoyle & Co LLC increased its holdings in Apple by 168.0% in the 4th quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock valued at $52,000 after acquiring an additional 168 shares during the last quarter. Finally, University of Texas Texas AM Investment Managment Co. lifted its stake in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AAPL shares. Piper Sandler raised their price objective on Apple from $190.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a report on Thursday, August 1st. Canaccord Genuity Group upped their price objective on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Erste Group Bank raised shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Finally, Raymond James upped their price target on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $233.63.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction dated 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 owns 4,359,576 shares in the company, valued at $835,207,570.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,884 shares of company stock worth $38,092,387. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 1.0 %

Shares of AAPL opened at $226.84 on Friday. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.60 and a beta of 1.24. The company has a 50-day moving average of $220.32 and a 200 day moving average of $194.40. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 145.35% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same period last year, the business posted $1.26 EPS. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 6.61 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple announced that its board has approved a share buyback plan on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is 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.