Christopher J. Hasenberg Inc Buys Shares of 202 Apple Inc. (NASDAQ:AAPL)

Christopher J. Hasenberg Inc purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) during the first quarter, HoldingsChannel.com reports. The fund purchased 202 shares of the iPhone maker’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Elite Wealth Management Inc. raised its position in shares of Apple by 7.2% in the 1st quarter. Elite Wealth Management Inc. now owns 228,564 shares of the iPhone maker’s stock valued at $39,194,000 after purchasing an additional 15,389 shares during the last quarter. Krilogy Financial LLC increased its stake in Apple by 21.9% during the 1st quarter. Krilogy Financial LLC now owns 239,518 shares of the iPhone maker’s stock valued at $41,072,000 after purchasing an additional 43,063 shares in the last quarter. Patton Albertson Miller Group LLC raised its holdings in shares of Apple by 1.1% in the first quarter. Patton Albertson Miller Group LLC now owns 122,393 shares of the iPhone maker’s stock worth $20,988,000 after buying an additional 1,367 shares during the last quarter. Zhang Financial LLC raised its holdings in shares of Apple by 7.7% in the first quarter. Zhang Financial LLC now owns 198,743 shares of the iPhone maker’s stock worth $34,081,000 after buying an additional 14,272 shares during the last quarter. Finally, Wolff Financial Management LLC lifted its stake in shares of Apple by 12.4% during the first quarter. Wolff Financial Management LLC now owns 19,351 shares of the iPhone maker’s stock worth $3,318,000 after buying an additional 2,130 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly 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 sold 346,270 shares of company stock valued at $60,880,196. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of NASDAQ AAPL traded up $14.03 during trading on Tuesday, hitting $207.15. The company had a trading volume of 171,887,138 shares, compared to its average volume of 61,415,867. The firm has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.40 and a beta of 1.25. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $207.16. The stock has a fifty day simple moving average of $181.13 and a two-hundred day simple moving average of $183.51. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The firm had revenue of $90.75 billion during the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. On average, research analysts expect that Apple Inc. will post 6.57 earnings per share for the current year.

Apple announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is currently 15.55%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Maxim Group initiated coverage on Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price for the company. Citigroup reduced their price objective on Apple from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Loop Capital decreased their target price on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. UBS Group reiterated a “neutral” rating and issued a $190.00 price target on shares of Apple in a report on Tuesday. Finally, Sanford C. Bernstein upgraded shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued 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.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $207.47.

Apple 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.