Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,554 shares of the iPhone maker’s stock after selling 645 shares during the period. Apple comprises approximately 3.2% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Apple were worth $6,709,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Apple by 2.1% during the 2nd 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 acquiring an additional 4,831,418 shares during the last quarter. Legal & General Group Plc grew its holdings in Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Apple by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Apple by 12.1% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.
Insider Buying and Selling
In other Apple news, 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 value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of Apple 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 transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Apple Stock Up 0.0 %
NASDAQ AAPL opened at $135.27 on Friday. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a market capitalization of $2.14 trillion, a P/E ratio of 22.14, a PEG ratio of 1.74 and a beta of 1.24. The company’s 50 day simple moving average is $138.95 and its 200 day simple moving average is $148.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 6.19 earnings per share for the current fiscal year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is 15.06%.
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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