Hudock Inc. Has $8.24 Million Stake in Apple Inc. (NASDAQ:AAPL)

Hudock Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 35,382 shares of the iPhone maker’s stock after purchasing an additional 1,025 shares during the period. Apple accounts for approximately 1.4% of Hudock Inc.’s holdings, making the stock its 18th biggest position. Hudock Inc.’s holdings in Apple were worth $8,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Boston Common Asset Management LLC lifted its position in shares of Apple by 9.5% during the 2nd quarter. Boston Common Asset Management LLC now owns 203,435 shares of the iPhone maker’s stock worth $42,847,000 after purchasing an additional 17,617 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Apple in the second quarter valued at approximately $2,701,000. Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the second quarter worth $208,000. Westend Capital Management LLC increased its position in Apple by 5,126.6% during the second quarter. Westend Capital Management LLC now owns 67,684 shares of the iPhone maker’s stock worth $14,671,000 after acquiring an additional 66,389 shares during the period. Finally, BancFirst Trust & Investment Management raised its stake in Apple by 22.4% during the 2nd quarter. BancFirst Trust & Investment Management now owns 2,048 shares of the iPhone maker’s stock valued at $439,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AAPL shares. Citigroup raised their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities boosted their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Maxim Group boosted 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. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Apple Trading Up 1.1 %

Shares of NASDAQ AAPL opened at $258.20 on Wednesday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $258.21. 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 company has a 50-day moving average of $235.45 and a two-hundred day moving average of $226.34. The company has a market cap of $3.90 trillion, a PE ratio of 42.47, a P/E/G ratio of 2.41 and a beta of 1.23.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 of this dividend was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,130 shares of the 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 transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on 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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock worth $117,004,745 over the last three months. 0.06% of the stock is currently owned by company insiders.

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.