EagleClaw Capital Managment LLC Raises Stake in Apple Inc. (NASDAQ:AAPL)

EagleClaw Capital Managment LLC grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,493 shares of the iPhone maker's stock after purchasing an additional 4,985 shares during the period. Apple comprises approximately 3.7% of EagleClaw Capital Managment LLC's investment portfolio, making the stock its 4th largest holding. EagleClaw Capital Managment LLC's holdings in Apple were worth $22,250,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the period. Dimensional Fund Advisors LP increased its holdings in Apple by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker's stock worth $11,160,183,000 after acquiring an additional 2,785,807 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Apple by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock valued at $10,909,457,000 after purchasing an additional 3,245,281 shares in the last quarter. American Century Companies Inc. grew its position in shares of Apple by 3.2% in the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker's stock valued at $7,291,583,000 after purchasing an additional 1,065,759 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Apple by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker's stock worth $8,035,283,000 after purchasing an additional 432,140 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. StockNews.com lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. TD Cowen restated a "buy" rating on shares of Apple in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and set a $262.00 price target on shares of Apple in a research report on Monday. Loop Capital downgraded Apple from a "buy" rating to a "hold" rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their target price on shares of Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $238.05.

Apple Stock Performance

Shares of AAPL stock traded down $1.74 during trading hours on Thursday, reaching $237.62. 32,786,231 shares of the company's stock were exchanged, compared to its average volume of 56,478,961. The company has a market cap of $3.57 trillion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company's 50 day moving average is $241.37 and its two-hundred day moving average is $230.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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

Insider Buying and Selling

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

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.