EagleClaw Capital Managment LLC Acquires 4,985 Shares of Apple Inc. (NASDAQ:AAPL)

EagleClaw Capital Managment LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,493 shares of the iPhone maker’s stock after acquiring an additional 4,985 shares during the period. Apple accounts for approximately 3.7% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 4th biggest holding. EagleClaw Capital Managment LLC’s holdings in Apple were worth $22,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. International Assets Investment Management LLC raised its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC increased its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares during the period. Pathway Financial Advisers LLC increased its position in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after buying an additional 5,566,250 shares during the period. William Blair Investment Management LLC acquired a new position in Apple during the second quarter worth approximately $834,368,000. Finally, National Pension Service increased its position in Apple by 14.0% during the third quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker’s stock worth $6,496,738,000 after buying an additional 3,416,922 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $239.36 on Thursday. The firm has a market capitalization of $3.60 trillion, a PE ratio of 39.37, a P/E/G ratio of 2.19 and a beta of 1.20. 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 business has a 50-day moving average of $241.17 and a two-hundred day moving average of $230.75. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.46 earnings per share. As a group, research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on AAPL. UBS Group reaffirmed a “neutral” rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Friday, December 13th. Bank of America reiterated a “buy” rating and issued a $253.00 target price (down from $256.00) on shares of Apple in a research note on Friday, January 24th. Finally, Raymond James lifted their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.05.

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.