Apple Inc. (NASDAQ:AAPL) is Gibraltar Capital Management Inc.'s Largest Position

Gibraltar Capital Management Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,005 shares of the iPhone maker's stock after purchasing an additional 2,036 shares during the quarter. Apple accounts for 7.0% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its biggest position. Gibraltar Capital Management Inc.'s holdings in Apple were worth $15,612,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Cordant Inc. raised its stake in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after acquiring an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. purchased a new stake in shares of Apple during the second quarter worth about $206,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company's stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AAPL. Barclays lowered their price target on Apple from $186.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, November 1st. Wedbush upped their target price on Apple from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Thursday. StockNews.com lowered Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Loop Capital cut their price target on shares of Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Finally, Moffett Nathanson decreased their price objective on shares of Apple from $211.00 to $202.00 and set a "neutral" rating for the company in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $237.47.

Apple Price Performance

NASDAQ AAPL traded down $3.39 during trading hours on Monday, hitting $252.20. 35,435,137 shares of the company's stock traded hands, compared to its average volume of 57,203,777. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm's 50-day moving average is $237.41 and its 200-day moving average is $227.89. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a market capitalization of $3.81 trillion, a PE ratio of 41.48, a PEG ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share. Equities analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Apple's dividend payout ratio is presently 16.45%.

About Apple

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.