Apple Inc. (NASDAQ:AAPL) Stake Raised by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,126 shares of the iPhone maker’s stock after purchasing an additional 2,254 shares during the quarter. Apple accounts for approximately 1.9% of Hohimer Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Hohimer Wealth Management LLC’s holdings in Apple were worth $8,241,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Capital International Investors lifted its holdings in shares of Apple by 7.1% during the first quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock valued at $6,369,852,000 after purchasing an additional 2,474,887 shares in the last quarter. Jennison Associates LLC increased its holdings in Apple by 1.7% in the 1st quarter. Jennison Associates LLC now owns 29,515,371 shares of the iPhone maker’s stock worth $5,061,296,000 after buying an additional 485,873 shares in the last quarter. Swedbank AB lifted its stake in Apple by 13.4% during the 2nd quarter. Swedbank AB now owns 20,008,650 shares of the iPhone maker’s stock valued at $4,214,222,000 after acquiring an additional 2,359,409 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Apple by 16.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,993,042 shares of the iPhone maker’s stock valued at $3,085,427,000 after acquiring an additional 2,594,138 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Apple by 2.5% in the first quarter. Nordea Investment Management AB now owns 17,247,950 shares of the iPhone maker’s stock worth $2,951,297,000 after acquiring an additional 415,186 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 1.2 %

Shares of AAPL opened at $235.00 on Monday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The stock has a market capitalization of $3.60 trillion, a PE ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. The company’s fifty day moving average is $225.78 and its 200 day moving average is $208.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the business posted $1.26 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Barclays restated an “underweight” rating and set a $186.00 price objective on shares of Apple in a research report on Tuesday, October 1st. TD Cowen raised their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a report on Monday, September 9th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 over the last three months. 0.06% of the stock is owned by insiders.

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.