DDFG Inc Has $4.63 Million Stake in Apple Inc. (NASDAQ:AAPL)

DDFG Inc decreased its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,035 shares of the iPhone maker’s stock after selling 195 shares during the period. Apple comprises 1.7% of DDFG Inc’s portfolio, making the stock its 16th biggest position. DDFG Inc’s holdings in Apple were worth $4,629,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple in the first quarter valued at approximately $30,000. Summit Wealth Group LLC grew its holdings in Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 6,949,659 shares during the period. HBC Financial Services PLLC grew its holdings in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares during the period. West Tower Group LLC bought a new position in shares of Apple during the second quarter worth $64,000. Finally, PayPay Securities Corp boosted its position in shares of Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $182.32 on Thursday. The company has a 50 day moving average of $188.86 and a 200-day moving average of $183.61. Apple Inc. has a 1-year low of $143.90 and a 1-year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.82 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, equities research analysts forecast that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the transaction, the insider now directly owns 29,174 shares in the company, valued at approximately $5,601,408. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AAPL shares. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. Barclays cut their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research report on Friday, February 2nd. Piper Sandler Companies cut shares of Apple to a “neutral” rating and cut their price target for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. KeyCorp reissued a “sector weight” rating on shares of Apple in a research report on Monday, October 30th. Finally, DA Davidson initiated coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $205.27.

Read Our Latest Report on AAPL

Apple Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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