Apple Inc. (NASDAQ:AAPL) Shares Acquired by Cable Hill Partners LLC

Cable Hill Partners LLC grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 33.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,871 shares of the iPhone maker's stock after purchasing an additional 20,356 shares during the period. Apple comprises approximately 1.9% of Cable Hill Partners LLC's investment portfolio, making the stock its 12th largest holding. Cable Hill Partners LLC's holdings in Apple were worth $18,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter worth $110,000. Finally, Cordant Inc. increased its holdings in Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Apple Price Performance

AAPL stock opened at $222.64 on Wednesday. The business's 50-day moving average is $241.12 and its two-hundred day moving average is $230.85. 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 has a market capitalization of $3.35 trillion, a P/E ratio of 36.62, a P/E/G ratio of 2.25 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.

Analysts Set New Price Targets

Several analysts have recently issued reports on AAPL shares. Oppenheimer reiterated a "buy" rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Rosenblatt Securities increased their target price on Apple from $261.00 to $262.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays raised their target price on Apple to $184.00 and gave the company a "sell" rating in a research report on Friday, January 10th. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Bank of America restated a "buy" rating and issued a $256.00 price objective on shares of Apple in a report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $238.02.

Apple Profile

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.