Apple Inc. (NASDAQ:AAPL) Stake Increased by Fulcrum Capital LLC

Fulcrum Capital LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,619 shares of the iPhone maker’s stock after purchasing an additional 3,588 shares during the period. Apple makes up approximately 5.6% of Fulcrum Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Fulcrum Capital LLC’s holdings in Apple were worth $25,774,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wallington Asset Management LLC grew its holdings in shares of Apple by 5.7% in the third quarter. Wallington Asset Management LLC now owns 131,557 shares of the iPhone maker’s stock worth $30,653,000 after purchasing an additional 7,095 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Apple by 8.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 354,994 shares of the iPhone maker’s stock valued at $82,714,000 after buying an additional 28,891 shares during the period. Iron Horse Wealth Management LLC grew its stake in Apple by 5.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 4,812 shares of the iPhone maker’s stock worth $1,121,000 after acquiring an additional 241 shares in the last quarter. Sterling Investment Counsel LLC increased its position in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares during the period. Finally, Coston McIsaac & Partners boosted its holdings in shares of Apple by 3.4% in the third quarter. Coston McIsaac & Partners now owns 61,888 shares of the iPhone maker’s stock valued at $14,419,000 after purchasing an additional 2,040 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AAPL shares. New Street Research restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Bank of America increased their price target on Apple to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. UBS Group reiterated a “neutral” rating and set a $236.00 target price on shares of Apple in a report on Monday, December 2nd. Finally, Barclays reduced their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.78.

Apple Stock Up 1.9 %

Apple stock opened at $254.49 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The company has a market cap of $3.85 trillion, a PE ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50-day simple moving average is $234.97 and its two-hundred day simple moving average is $225.48.

Apple (NASDAQ:AAPL) last issued its quarterly 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is owned by insiders.

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.