M. Kraus & Co Has $6.81 Million Stock Position in Apple Inc. (NASDAQ:AAPL)
M. Kraus & Co lessened its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,174 shares of the iPhone maker’s stock after selling 348 shares during the quarter. Apple accounts for approximately 2.0% of M. Kraus & Co’s portfolio, making the stock its 22nd biggest holding. M. Kraus & Co’s holdings in Apple were worth $6,805,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AAPL. O Connor Financial Group LLC raised its stake in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. grew its stake in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC increased its holdings in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after acquiring an additional 46 shares during the last quarter. Menard Financial Group LLC raised its stake in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares during the period. Finally, Latitude Advisors LLC lifted its holdings in Apple by 0.3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.
Insider Buying and Selling at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.
Apple Stock Performance
NASDAQ AAPL opened at $240.36 on Thursday. The firm has a market cap of $3.61 trillion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a 50-day simple moving average of $240.10 and a two-hundred day simple moving average of $233.39. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is 15.87%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AAPL. Barclays lifted their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Morgan Stanley set a $275.00 price objective on shares of Apple in a research note on Tuesday, February 11th. Raymond James increased their target price on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.88.
Read Our Latest Stock Report on Apple
Apple 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.
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