Carmel Capital Partners LLC Purchases 1,935 Shares of Apple Inc. (NASDAQ:AAPL)

Carmel Capital Partners LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,818 shares of the iPhone maker’s stock after acquiring an additional 1,935 shares during the quarter. Apple accounts for 0.8% of Carmel Capital Partners LLC’s portfolio, making the stock its 18th biggest holding. Carmel Capital Partners LLC’s holdings in Apple were worth $1,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Center For Asset Management LLC grew its holdings in Apple by 53.3% during the 2nd quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after buying an additional 7,616 shares in the last quarter. Kingdom Financial Group LLC. grew its holdings in Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after buying an additional 598 shares in the last quarter. RFG Advisory LLC grew its holdings in Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after buying an additional 20,737 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its holdings in Apple by 22.2% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after buying an additional 1,436 shares in the last quarter. Finally, Tsfg LLC grew its holdings in Apple by 2.2% during the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after buying an additional 1,091 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 123,448 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the sale, the senior vice president now owns 293,266 shares in the company, valued at approximately $55,365,688.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the sale, the insider now owns 29,174 shares in the company, valued at $5,601,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the sale, the senior vice president now owns 293,266 shares in the company, valued at approximately $55,365,688.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,767 shares of company stock worth $25,248,740. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 0.9 %

AAPL opened at $189.30 on Wednesday. Apple Inc. has a 12 month low of $143.90 and a 12 month high of $199.62. The stock has a fifty day moving average price of $190.59 and a 200-day moving average price of $184.14. 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 firm has a market cap of $2.93 trillion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.23 and a beta of 1.31.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 6.57 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.51%. Apple’s payout ratio is presently 14.95%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, January 30th. Robert W. Baird lifted their target price on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Friday, February 2nd. Finally, Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.72.

Get Our Latest Analysis on AAPL

Apple 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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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