Apple Inc. (NASDAQ:AAPL) Shares Acquired by Wulff Hansen & CO.

Wulff Hansen & CO. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,844 shares of the iPhone maker’s stock after acquiring an additional 255 shares during the quarter. Apple makes up about 2.1% of Wulff Hansen & CO.’s portfolio, making the stock its 11th biggest position. Wulff Hansen & CO.’s holdings in Apple were worth $2,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nvest Financial LLC grew its position in Apple by 3.9% during the 1st quarter. Nvest Financial LLC now owns 34,386 shares of the iPhone maker’s stock worth $5,896,000 after purchasing an additional 1,299 shares in the last quarter. Myecfo LLC boosted its position in shares of Apple by 2.5% in the first quarter. Myecfo LLC now owns 15,356 shares of the iPhone maker’s stock worth $2,633,000 after buying an additional 376 shares during the period. Naviter Wealth LLC grew its holdings in shares of Apple by 25.4% during the first quarter. Naviter Wealth LLC now owns 91,088 shares of the iPhone maker’s stock valued at $15,620,000 after buying an additional 18,441 shares in the last quarter. Saxon Interests Inc. raised its position in Apple by 8.9% during the first quarter. Saxon Interests Inc. now owns 41,398 shares of the iPhone maker’s stock valued at $7,099,000 after buying an additional 3,383 shares during the period. Finally, MBM Wealth Consultants LLC lifted its stake in Apple by 4.5% in the 1st quarter. MBM Wealth Consultants LLC now owns 13,278 shares of the iPhone maker’s stock worth $2,277,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 1.2 %

Shares of AAPL opened at $224.23 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 has a market cap of $3.39 trillion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.22 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a 50-day moving average price of $226.82 and a two-hundred day moving average price of $214.68.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during 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 business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 earnings per share. Equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Barclays dropped their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Moffett Nathanson began coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective on the stock. Maxim Group lifted their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Loop Capital dropped their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and raised their price objective for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, twelve 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $235.51.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % 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 link. In other news, COO Jeffrey E. Williams sold 59,730 shares of the company’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 transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 412,746 shares of company stock worth $93,021,362 in the last three months. Insiders own 0.06% of the company’s stock.

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.