Rogco LP Buys 605 Shares of Apple Inc. (NASDAQ:AAPL)

Rogco LP grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 21,288 shares of the iPhone maker’s stock after purchasing an additional 605 shares during the quarter. Apple makes up 1.9% of Rogco LP’s investment portfolio, making the stock its 13th biggest position. Rogco LP’s holdings in Apple were worth $4,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. American Trust grew its holdings in Apple by 3.1% during the 1st quarter. American Trust now owns 64,746 shares of the iPhone maker’s stock worth $11,103,000 after acquiring an additional 1,972 shares in the last quarter. Jackson Wealth Management LLC lifted its position in shares of Apple by 2.5% in the 1st quarter. Jackson Wealth Management LLC now owns 197,961 shares of the iPhone maker’s stock worth $33,946,000 after purchasing an additional 4,798 shares during the period. Bush Investment Group LLC bought a new position in shares of Apple during the first quarter valued at approximately $1,002,000. Keynote Financial Services LLC purchased a new position in Apple during the first quarter valued at approximately $7,798,000. Finally, SRN Advisors LLC raised its stake in Apple by 5.4% in the first quarter. SRN Advisors LLC now owns 4,354 shares of the iPhone maker’s stock worth $747,000 after buying an additional 222 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

AAPL opened at $254.49 on Monday. The stock has a market cap of $3.85 trillion, a P/E ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a fifty day moving average price of $234.97 and a 200 day moving average price of $225.70. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $255.00.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Analyst Ratings Changes

Several analysts have issued reports on AAPL shares. Wells Fargo & Company increased their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Maxim Group raised their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Apple in a report on Friday, November 29th. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

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.