Apple Inc. (NASDAQ:AAPL) is Hedeker Wealth LLC’s 4th Largest Position

Hedeker Wealth LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,496 shares of the iPhone maker’s stock after purchasing an additional 729 shares during the quarter. Apple accounts for approximately 4.0% of Hedeker Wealth LLC’s investment portfolio, making the stock its 4th largest holding. Hedeker Wealth LLC’s holdings in Apple were worth $15,261,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Carolina Wealth Advisors LLC increased its position in shares of Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares during the last quarter. Verus Financial Partners Inc. boosted its position in shares of Apple by 0.3% during the 2nd quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock worth $3,566,000 after purchasing an additional 48 shares during the period. Brown Financial Advisory increased its holdings in Apple by 3.8% in the 2nd quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker’s stock valued at $287,000 after purchasing an additional 50 shares during the last quarter. Core Wealth Management Inc. raised its position in Apple by 1.7% in the second quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker’s stock valued at $625,000 after purchasing an additional 50 shares during the period. Finally, Lowery Thomas LLC lifted its stake in Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock worth $1,602,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.3 %

AAPL stock opened at $255.59 on Monday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.86 trillion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a fifty day moving average price of $237.41 and a 200 day moving average price of $227.89.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction 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 directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AAPL. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Wedbush boosted their price target on shares of Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Finally, Barclays decreased their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $237.47.

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.