Duncan Williams Asset Management LLC Has $7.77 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Duncan Williams Asset Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 187.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,363 shares of the iPhone maker's stock after acquiring an additional 21,755 shares during the period. Apple accounts for about 4.3% of Duncan Williams Asset Management LLC's holdings, making the stock its 4th biggest position. Duncan Williams Asset Management LLC's holdings in Apple were worth $7,773,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its holdings in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock valued at $35,000 after buying an additional 31,278 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter valued at $42,000. Access Investment Management LLC bought a new stake in Apple during the 1st quarter valued at $140,000. Hoese & Co LLP raised its holdings in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after buying an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new stake in Apple during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 60.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Apple from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Bank of America reissued a "buy" rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Maxim Group increased their price objective on shares of Apple from $203.00 to $215.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Piper Sandler reissued a "neutral" rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Finally, Oppenheimer reissued a "buy" rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, twelve 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 data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $235.25.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple 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 transaction, the insider now directly 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 ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Shares of Apple stock traded down $0.56 on Thursday, hitting $228.44. 29,288,498 shares of the company traded hands, compared to its average volume of 58,329,168. The stock has a market capitalization of $3.45 trillion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The business has a 50-day simple moving average of $227.59 and a 200 day simple moving average of $217.47.

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

Apple Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.

Apple Company 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.