Hudock Inc. Purchases 135 Shares of Apple Inc. (NASDAQ:AAPL)

Hudock Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,919 shares of the iPhone maker’s stock after acquiring an additional 135 shares during the quarter. Apple makes up approximately 1.4% of Hudock Inc.’s portfolio, making the stock its 16th largest position. Hudock Inc.’s holdings in Apple were worth $6,530,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Claro Advisors LLC grew its position in Apple by 3.4% during the fourth quarter. Claro Advisors LLC now owns 115,800 shares of the iPhone maker’s stock valued at $22,295,000 after buying an additional 3,754 shares during the period. Miracle Mile Advisors LLC grew its position in Apple by 5.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 516,138 shares of the iPhone maker’s stock valued at $99,372,000 after buying an additional 24,506 shares during the period. LifeGuide Financial Advisors LLC grew its position in Apple by 1.2% during the fourth quarter. LifeGuide Financial Advisors LLC now owns 9,070 shares of the iPhone maker’s stock valued at $1,746,000 after buying an additional 109 shares during the period. Kowal Investment Group LLC grew its position in Apple by 3.6% during the fourth quarter. Kowal Investment Group LLC now owns 46,186 shares of the iPhone maker’s stock valued at $8,892,000 after buying an additional 1,593 shares during the period. Finally, Horizon Wealth Management LLC grew its position in Apple by 2.4% during the fourth quarter. Horizon Wealth Management LLC now owns 66,787 shares of the iPhone maker’s stock valued at $12,858,000 after buying an additional 1,591 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Morgan Stanley restated an “overweight” rating and set a $220.00 price target on shares of Apple in a research report on Friday, March 22nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and upped their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. DA Davidson initiated coverage on shares of Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. Maxim Group initiated coverage on shares of Apple in a report on Wednesday. They set a “hold” rating and a $178.00 price objective on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.34.

Apple Stock Down 0.6 %

Shares of NASDAQ AAPL opened at $167.04 on Friday. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $175.15 and its two-hundred day simple moving average is $182.10. The stock has a market capitalization of $2.58 trillion, a P/E ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the business earned $1.88 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

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.