Apple Inc. (NASDAQ:AAPL) Shares Acquired by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV increased its stake in Apple Inc. (NASDAQ:AAPL) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,306 shares of the iPhone maker’s stock after purchasing an additional 369 shares during the period. Apple makes up 3.3% of Tandem Capital Management Corp ADV’s holdings, making the stock its 4th biggest holding. Tandem Capital Management Corp ADV’s holdings in Apple were worth $6,129,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in AAPL. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. Cordant Inc. grew its stake in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares in the last quarter. Finally, Hoese & Co LLP lifted its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the topic of several analyst reports. Rosenblatt Securities upped their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Tigress Financial boosted their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Melius Research reiterated a “buy” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Two research 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 company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $236.78.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock valued at $117,004,745 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $255.27 on Tuesday. The firm has a market capitalization of $3.86 trillion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $255.65. The company’s fifty day moving average price is $234.97 and its 200-day moving average price is $225.91. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

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