Apple Inc. (NASDAQ:AAPL) Shares Acquired by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,634 shares of the iPhone maker’s stock after buying an additional 388 shares during the quarter. Apple accounts for 1.7% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 14th largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Apple were worth $3,164,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AAPL. O Connor Financial Group LLC boosted its holdings in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after acquiring an additional 41 shares during the period. 1620 Investment Advisors Inc. lifted its position in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after purchasing an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after purchasing an additional 46 shares during the last quarter. Menard Financial Group LLC grew its holdings in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its position in Apple by 1.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Raymond James increased their price objective on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Finally, Maxim Group raised their price objective on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $218.27 on Friday. The business has a fifty day moving average of $231.82 and a 200-day moving average of $233.33. 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 twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market cap of $3.28 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.