FCG Investment Co Has $12.05 Million Stake in Apple Inc. (NASDAQ:AAPL)

FCG Investment Co lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,707 shares of the iPhone maker's stock after purchasing an additional 2,554 shares during the period. Apple accounts for about 7.9% of FCG Investment Co's portfolio, making the stock its 2nd largest position. FCG Investment Co's holdings in Apple were worth $12,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc grew 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 worth $69,000 after purchasing an additional 144 shares during the period. Cordant Inc. increased its holdings in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after purchasing an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new position in Apple in the second quarter valued at about $206,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of AAPL stock traded down $3.43 during midday trading on Friday, hitting $255.59. 42,297,621 shares of the company were exchanged, compared to its average volume of 57,290,680. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23. The firm's 50 day moving average price is $237.41 and its two-hundred day moving average price is $227.79. 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 (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is currently 16.45%.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company's stock, valued at $111,148,695.84. The trade was a 10.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 have recently weighed in on AAPL. JPMorgan Chase & Co. reissued an "overweight" rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Wedbush increased their target price on Apple from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Thursday. KeyCorp lowered Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Jefferies Financial Group downgraded Apple from a "buy" rating to a "hold" rating and increased their price objective for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Finally, New Street Research reissued a "neutral" rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $237.47.

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.