Apple Inc. (NASDAQ:AAPL) Shares Purchased by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,227 shares of the iPhone maker's stock after acquiring an additional 6,776 shares during the quarter. Apple accounts for about 1.7% of HHM Wealth Advisors LLC's holdings, making the stock its 12th biggest holding. HHM Wealth Advisors LLC's holdings in Apple were worth $11,211,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AAPL. Access Investment Management LLC purchased a new position in Apple during the 1st quarter valued at $140,000. Hoese & Co LLP lifted its stake 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 acquiring an additional 57 shares during the period. Sage Financial Group Inc. purchased a new position in shares of Apple in the second quarter worth approximately $206,000. Benchmark Wealth Management LLC purchased a new position in shares of Apple in the second quarter worth approximately $208,000. Finally, Sequent Asset Management LLC purchased a new position in shares of Apple in the second quarter worth approximately $214,000. 60.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 100,000 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company's stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was 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 directly owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the firm's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 in the last three months. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 0.1 %

Shares of AAPL traded up $0.27 during mid-day trading on Tuesday, hitting $233.67. 35,336,603 shares of the company traded hands, compared to its average volume of 59,409,645. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The business has a 50 day moving average of $227.01 and a 200 day moving average of $211.05. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.58 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Equities research analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple's dividend payout ratio (DPR) is presently 15.55%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AAPL. UBS Group reissued a "hold" rating and issued a $236.00 price objective on shares of Apple in a report on Wednesday, October 16th. Tigress Financial lifted their price target on shares of Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on shares of Apple from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Citigroup lifted their price target on shares of Apple to $185.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Monness Crespi & Hardt reaffirmed a "buy" rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.91.

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.