Hussman Strategic Advisors Inc. Acquires 14,400 Shares of Apple Inc. (NASDAQ:AAPL)
Hussman Strategic Advisors Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 1,309.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,500 shares of the iPhone maker’s stock after acquiring an additional 14,400 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Apple were worth $1,795,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Apple by 2.6% in the second quarter. FMR LLC now owns 95,825,047 shares of the iPhone maker’s stock valued at $34,956,977,000 after purchasing an additional 2,448,814 shares in the last quarter. Laidlaw Wealth Management LLC lifted its position in shares of Apple by 113,515.1% during the second quarter. Laidlaw Wealth Management LLC now owns 40,356,072 shares of the iPhone maker’s stock worth $111,000 after purchasing an additional 40,320,552 shares during the last quarter. Swiss National Bank lifted its position in shares of Apple by 0.3% during the second quarter. Swiss National Bank now owns 17,358,099 shares of the iPhone maker’s stock worth $6,332,235,000 after purchasing an additional 57,700 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Apple by 10.9% in the second quarter. Jennison Associates LLC now owns 15,952,535 shares of the iPhone maker’s stock valued at $5,819,485,000 after acquiring an additional 1,566,738 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Apple by 2.1% in the second quarter. Fisher Asset Management LLC now owns 14,311,880 shares of the iPhone maker’s stock valued at $5,220,974,000 after acquiring an additional 295,617 shares in the last quarter. Institutional investors own 59.65% of the company’s stock.
NASDAQ AAPL opened at $117.34 on Friday. The business has a fifty day moving average price of $116.43 and a 200 day moving average price of $103.03. Apple Inc. has a one year low of $53.15 and a one year high of $137.98. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.33 and a current ratio of 1.36. The company has a market cap of $1,994.99 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.73 and a beta of 1.36.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 12th. Investors of record on Monday, November 9th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 6th. Apple’s dividend payout ratio is currently 25.00%.
A number of equities analysts have commented on AAPL shares. Macquarie reiterated a “hold” rating and issued a $66.60 target price on shares of Apple in a report on Tuesday, September 8th. Cascend Securities boosted their price target on Apple from $81.25 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. DA Davidson boosted their price target on Apple from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Piper Sandler upgraded Apple to an “overweight” rating and boosted their price target for the stock from $130.00 to $135.00 in a research note on Thursday, October 22nd. Finally, BidaskClub upgraded Apple from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $111.70.
In related news, SVP Deirdre O’brien sold 31,200 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $119.80, for a total value of $3,737,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $110.42, for a total value of $1,877,140.00. Following the completion of the sale, the senior vice president now owns 320,784 shares of the company’s stock, valued at $35,420,969.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 828,974 shares of company stock valued at $196,862,482. 0.05% of the stock is owned by corporate insiders.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
Read More: What are municipal bonds?
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.