W.H. Cornerstone Investments Inc. Buys 307 Shares of Apple Inc. (NASDAQ:AAPL)

W.H. Cornerstone Investments Inc. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 29,406 shares of the iPhone maker’s stock after acquiring an additional 307 shares during the period. Apple accounts for about 4.6% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 4th largest holding. W.H. Cornerstone Investments Inc.’s holdings in Apple were worth $6,852,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Clarity Financial LLC boosted its holdings in shares of Apple by 3.4% during the third quarter. Clarity Financial LLC now owns 146,122 shares of the iPhone maker’s stock worth $34,046,000 after purchasing an additional 4,873 shares during the last quarter. Amalgamated Bank raised its position in shares of Apple by 3.1% in the 3rd quarter. Amalgamated Bank now owns 3,201,193 shares of the iPhone maker’s stock worth $745,878,000 after buying an additional 95,961 shares during the period. Sentry Investment Management LLC raised its position in shares of Apple by 2.4% in the 3rd quarter. Sentry Investment Management LLC now owns 66,285 shares of the iPhone maker’s stock worth $15,444,000 after buying an additional 1,541 shares during the period. United Advisor Group LLC raised its position in shares of Apple by 32.8% in the 3rd quarter. United Advisor Group LLC now owns 67,613 shares of the iPhone maker’s stock worth $15,754,000 after buying an additional 16,684 shares during the period. Finally, ASB Consultores LLC raised its position in shares of Apple by 9.4% in the 3rd quarter. ASB Consultores LLC now owns 6,161 shares of the iPhone maker’s stock worth $1,436,000 after buying an additional 529 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

NASDAQ AAPL opened at $242.70 on Thursday. The stock has a market capitalization of $3.67 trillion, a P/E ratio of 39.92, a P/E/G ratio of 2.41 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The business’s fifty day moving average is $239.57 and its two-hundred day moving average is $229.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio is currently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. Citigroup increased their target price on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a research report on Friday, January 3rd. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.64.

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.