Apple Inc. (NASDAQ:AAPL) is Cardinal Capital Management’s 4th Largest Position

Cardinal Capital Management boosted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,543 shares of the iPhone maker’s stock after buying an additional 273 shares during the period. Apple accounts for 2.4% of Cardinal Capital Management’s investment portfolio, making the stock its 4th largest position. Cardinal Capital Management’s holdings in Apple were worth $10,302,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Wilson & Boucher Capital Management LLC grew its stake in shares of Apple by 0.8% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 35,914 shares of the iPhone maker’s stock valued at $4,963,000 after buying an additional 278 shares during the period. Private Ocean LLC increased its stake in Apple by 4.7% during the third quarter. Private Ocean LLC now owns 24,074 shares of the iPhone maker’s stock worth $3,327,000 after acquiring an additional 1,078 shares during the last quarter. Twin Lakes Capital Management LLC purchased a new stake in Apple in the third quarter valued at $13,006,000. APCM Wealth Management for Individuals lifted its stake in shares of Apple by 29.4% in the 3rd quarter. APCM Wealth Management for Individuals now owns 13,739 shares of the iPhone maker’s stock valued at $1,899,000 after purchasing an additional 3,123 shares during the last quarter. Finally, First Pacific Financial grew its holdings in shares of Apple by 13.7% during the 3rd quarter. First Pacific Financial now owns 11,409 shares of the iPhone maker’s stock worth $1,577,000 after purchasing an additional 1,378 shares during the period. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Fundamental Research increased their target price on shares of Apple to $168.50 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. DA Davidson dropped their target price on shares of Apple to $167.00 in a report on Thursday, December 1st. Needham & Company LLC restated a “buy” rating and set a $170.00 price target on shares of Apple in a research note on Tuesday, November 8th. Credit Suisse Group reaffirmed a “buy” rating and issued a $184.00 price objective on shares of Apple in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $180.00 target price on Apple and gave the stock an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $170.04.

Apple Stock Performance

Shares of AAPL opened at $135.27 on Friday. The company’s 50 day simple moving average is $138.95 and its 200-day simple moving average is $148.10. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The firm has a market cap of $2.14 trillion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Apple’s payout ratio is 15.06%.

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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.