Apple Inc. (NASDAQ:AAPL) Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 155,331 shares of the iPhone maker's stock after acquiring an additional 3,236 shares during the period. Apple accounts for approximately 3.1% of Howe & Rusling Inc.'s portfolio, making the stock its 5th biggest position. Howe & Rusling Inc.'s holdings in Apple were worth $36,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% during 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 purchased a new position in Apple during the second quarter worth about $42,000. Christopher J. Hasenberg Inc increased its position 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 valued at $69,000 after acquiring an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Apple in the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. boosted its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

Shares of AAPL traded down $1.59 during mid-day trading on Friday, hitting $236.00. 100,927,959 shares of the company's stock were exchanged, compared to its average volume of 52,177,912. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The business's 50 day moving average is $241.68 and its two-hundred day moving average is $230.87. The firm has a market capitalization of $3.55 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. On average, equities analysts expect that Apple Inc. will post 7.34 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple's dividend payout ratio is currently 16.45%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm'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 completion of the sale, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $97,474,301.68. The trade was 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 owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on AAPL shares. StockNews.com cut Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Sanford C. Bernstein lifted their target price on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Raymond James increased their price target on shares of Apple to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 20th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Finally, Evercore ISI upped their price objective on Apple from $250.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $242.52.

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.