Apple Inc. (NASDAQ:AAPL) is Menard Financial Group LLC’s 7th Largest Position

Menard Financial Group LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,221 shares of the iPhone maker’s stock after buying an additional 48 shares during the period. Apple accounts for approximately 1.9% of Menard Financial Group LLC’s holdings, making the stock its 7th largest holding. Menard Financial Group LLC’s holdings in Apple were worth $2,848,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter worth $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAPL. Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Citigroup raised their target price on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their target price on Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays boosted their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Stock Performance

Apple stock opened at $227.63 on Monday. The stock’s 50 day moving average price is $241.26 and its 200 day moving average price is $231.04. The firm has a market capitalization of $3.42 trillion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,130 shares of the company’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 completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, 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 insiders.

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.