Noesis Capital Mangement Corp Acquires 1,625 Shares of Apple Inc. (NASDAQ:AAPL)

Noesis Capital Mangement Corp increased its stake in Apple Inc. (NASDAQ:AAPL) by 5.4% during the 3rd quarter, Holdings Channel reports. The firm owned 31,632 shares of the iPhone maker’s stock after purchasing an additional 1,625 shares during the quarter. Apple comprises approximately 1.5% of Noesis Capital Mangement Corp’s portfolio, making the stock its 28th biggest holding. Noesis Capital Mangement Corp’s holdings in Apple were worth $7,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC lifted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. ARK Investment Management LLC bought a new position in shares of Apple during the third quarter valued at about $110,000. Finally, Cordant Inc. increased its holdings in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL opened at $232.47 on Thursday. The firm has a market cap of $3.49 trillion, a P/E ratio of 36.90, a PEG ratio of 2.36 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 company has a 50 day simple moving average of $241.54 and a two-hundred day simple moving average of $230.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities analysts forecast that Apple Inc. will post 7.33 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s dividend payout ratio is presently 15.87%.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AAPL. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. UBS Group reissued a “neutral” rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Monness Crespi & Hardt increased their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $242.52.

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.