Morgan Dempsey Capital Management LLC Invests $55,000 in Apple Inc. (NASDAQ:AAPL)

Morgan Dempsey Capital Management LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 400 shares of the iPhone maker’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after purchasing an additional 4,831,418 shares during the last quarter. Legal & General Group Plc increased its holdings in Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after purchasing an additional 1,155,915 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. Institutional investors own 57.60% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, November 8th. Robert W. Baird decreased their target price on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wedbush decreased their target price on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday. Oppenheimer decreased their target price on Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, December 12th. Finally, Sanford C. Bernstein set a $170.00 target price on Apple in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $173.57.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $129.62 on Friday. The stock has a 50 day moving average price of $140.61 and a 200 day moving average price of $148.48. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a market capitalization of $2.06 trillion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. Analysts predict that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.71%. Apple’s dividend payout ratio is 15.06%.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Insiders have sold 204,552 shares of company stock worth $31,645,123 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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