Apple Inc. (NASDAQ:AAPL) Stock Position Boosted by Keeler Thomas Management LLC

Keeler Thomas Management LLC grew its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 63,241 shares of the iPhone maker’s stock after buying an additional 7,616 shares during the quarter. Apple makes up about 4.4% of Keeler Thomas Management LLC’s portfolio, making the stock its 2nd largest holding. Keeler Thomas Management LLC’s holdings in Apple were worth $8,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares in the last quarter. Markel Corp lifted its position in Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares in the last quarter. Camden Capital LLC lifted its position in Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC lifted its position in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AAPL shares. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. JPMorgan Chase & Co. set a $180.00 target price on Apple and gave the stock an “overweight” rating in a research note on Thursday. Bank Of America (Bofa) cut Apple from a “buy” rating to a “neutral” rating and cut their target price for the stock from $189.00 to $160.00 in a research note on Friday, September 30th. Barclays cut their target price on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. Finally, Fundamental Research lifted their price objective on Apple to $168.50 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $166.73.

Insider Activity

In other news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 1.9 %

Shares of NASDAQ AAPL opened at $137.87 on Monday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. The business has a 50-day moving average of $138.72 and a two-hundred day moving average of $148.18.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is currently 15.06%.

About Apple

(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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