Hoxton Planning & Management LLC Has $6.45 Million Stake in Apple Inc. (NASDAQ:AAPL)

Hoxton Planning & Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,661 shares of the iPhone maker’s stock after acquiring an additional 1,751 shares during the period. Apple comprises 2.5% of Hoxton Planning & Management LLC’s investment portfolio, making the stock its 6th biggest holding. Hoxton Planning & Management LLC’s holdings in Apple were worth $6,445,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Hershey Financial Advisers LLC purchased a new stake in Apple in the 2nd quarter valued at about $42,000. Hoese & Co LLP grew its holdings in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares in the last quarter. Sage Financial Group Inc. bought a new position in shares of Apple in the second quarter valued at approximately $206,000. Benchmark Wealth Management LLC purchased a new stake in shares of Apple during the second quarter valued at approximately $208,000. Finally, SMH Capital Advisors Inc. bought a new stake in Apple during the second quarter worth $209,000. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 408,170 shares of company stock valued at $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AAPL shares. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Barclays dropped their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, TD Cowen lifted their price target on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.25.

Apple Trading Up 1.3 %

NASDAQ AAPL opened at $232.87 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock’s 50-day simple moving average is $228.06 and its two-hundred day simple moving average is $218.64. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a market capitalization of $3.52 trillion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.25 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 EPS. Research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is 16.45%.

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.