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Apple Inc. (NASDAQ:AAPL) Position Increased by Fulcrum Capital LLC

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Fulcrum Capital LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,619 shares of the iPhone maker's stock after purchasing an additional 3,588 shares during the quarter. Apple makes up 5.6% of Fulcrum Capital LLC's portfolio, making the stock its 3rd biggest position. Fulcrum Capital LLC's holdings in Apple were worth $25,774,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker's stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Apple by 2.4% during the first quarter. Westwood Holdings Group Inc. now owns 761,774 shares of the iPhone maker's stock worth $130,629,000 after acquiring an additional 17,519 shares during the last quarter. Strategic Wealth Partners Ltd. grew its stake in shares of Apple by 9.4% during the first quarter. Strategic Wealth Partners Ltd. now owns 105,895 shares of the iPhone maker's stock worth $18,159,000 after acquiring an additional 9,133 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Apple by 57.3% during the first quarter. Virtu Financial LLC now owns 41,504 shares of the iPhone maker's stock valued at $7,117,000 after acquiring an additional 15,124 shares in the last quarter. Finally, Milestones Administradora de Recursos Ltda. acquired a new stake in Apple in the 1st quarter worth approximately $496,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $945,233.10. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on AAPL shares. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Loop Capital reduced their price objective on Apple from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Moffett Nathanson dropped their price objective on shares of Apple from $211.00 to $202.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 19th. Finally, Tigress Financial raised their price target on shares of Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 28th. Two 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $236.78.

Read Our Latest Report on Apple

Apple Trading Up 1.9 %

AAPL traded up $4.70 on Friday, hitting $254.49. The company had a trading volume of 145,580,875 shares, compared to its average volume of 57,671,145. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.85 trillion, a P/E ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The company's fifty day moving average price is $234.97 and its 200 day moving average price is $225.70. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $255.00.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm 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 business'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 EPS. As a group, equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given 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 0.39%. Apple's dividend payout ratio is currently 16.45%.

Apple Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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