Clear Creek Financial Management LLC Has $9.94 Million Stake in Apple Inc. (NASDAQ:AAPL)

Clear Creek Financial Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,210 shares of the iPhone maker’s stock after buying an additional 1,265 shares during the period. Apple makes up 1.2% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 12th biggest holding. Clear Creek Financial Management LLC’s holdings in Apple were worth $9,943,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Yeomans Consulting Group Inc. acquired a new position in Apple during the 4th quarter worth $1,713,000. Raleigh Capital Management Inc. lifted its stake in shares of Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after acquiring an additional 1,643 shares during the period. GLOBALT Investments LLC GA acquired a new position in shares of Apple during the fourth quarter valued at $38,406,000. Barden Capital Management Inc. boosted its holdings in Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC acquired a new stake in Apple in the fourth quarter worth about $4,782,000. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.1 %

NASDAQ AAPL opened at $227.79 on Monday. The business’s fifty day moving average is $222.19 and its 200-day moving average is $202.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.66 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. Equities research analysts predict that Apple Inc. will post 6.7 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Loop Capital raised Apple from a “hold” rating to a “buy” rating and upped their price target for the company from $170.00 to $300.00 in a research note on Monday, July 15th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.76.

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.