Blackhawk Capital Partners LLC. Cuts Stock Position in Apple Inc. (NASDAQ:AAPL)

Blackhawk Capital Partners LLC. decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,970 shares of the iPhone maker’s stock after selling 686 shares during the period. Apple makes up approximately 5.1% of Blackhawk Capital Partners LLC.’s holdings, making the stock its biggest position. Blackhawk Capital Partners LLC.’s holdings in Apple were worth $9,546,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AAPL. Bull Oak Capital LLC raised its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC bought a new position in Apple during the 3rd quarter valued at $110,000. Finally, Cordant Inc. increased its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Moffett Nathanson restated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Apple from $265.00 to $260.00 in a report on Thursday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.05.

Apple Trading Down 0.7 %

NASDAQ:AAPL opened at $237.62 on Friday. The company has a market capitalization of $3.57 trillion, a P/E ratio of 39.08, a P/E/G ratio of 2.19 and a beta of 1.20. The stock’s 50 day moving average price is $241.37 and its 200 day moving average price is $230.81. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. On average, research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio is currently 16.45%.

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.