Hudson Capital Management LLC Grows Stock Position in Apple Inc. $AAPL

Hudson Capital Management LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 29,339 shares of the iPhone maker’s stock after purchasing an additional 300 shares during the period. Apple makes up 1.7% of Hudson Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Hudson Capital Management LLC’s holdings in Apple were worth $6,019,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Ryan Investment Management Inc. acquired a new position in Apple during the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Elite Financial Inc. purchased a new stake in shares of Apple during the 1st quarter worth $58,000. LSV Asset Management acquired a new position in shares of Apple during the fourth quarter worth $65,000. Finally, HFM Investment Advisors LLC purchased a new position in Apple in the first quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $269.43 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $3.98 trillion, a P/E ratio of 40.88, a PEG ratio of 2.62 and a beta of 1.09. The business has a 50 day simple moving average of $253.00 and a 200-day simple moving average of $225.28. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 224,300 shares of company stock worth $57,586,933. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AAPL shares. Weiss Ratings raised Apple from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Argus set a $325.00 target price on Apple and gave the stock a “buy” rating in a research note on Friday, October 31st. DZ Bank raised Apple from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, November 4th. Robert W. Baird set a $300.00 price objective on shares of Apple in a report on Friday, October 31st. Finally, Wells Fargo & Company set a $300.00 target price on shares of Apple and gave the company an “overweight” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.22.

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.