Keeler Thomas Management LLC Raises Stake in Apple Inc. (NASDAQ:AAPL)
Keeler Thomas Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 259.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,091 shares of the iPhone maker’s stock after purchasing an additional 80,228 shares during the period. Apple comprises approximately 8.1% of Keeler Thomas Management LLC’s holdings, making the stock its biggest position. Keeler Thomas Management LLC’s holdings in Apple were worth $12,861,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. raised its stake in Apple by 272.0% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 565,383 shares of the iPhone maker’s stock worth $65,478,000 after acquiring an additional 413,385 shares during the period. Amalgamated Bank grew its holdings in Apple by 282.9% during the 3rd quarter. Amalgamated Bank now owns 1,044,959 shares of the iPhone maker’s stock valued at $121,017,000 after buying an additional 772,070 shares in the last quarter. DDD Partners LLC grew its holdings in Apple by 319.0% during the 3rd quarter. DDD Partners LLC now owns 336,410 shares of the iPhone maker’s stock valued at $38,960,000 after buying an additional 256,124 shares in the last quarter. Heritage Investors Management Corp grew its holdings in Apple by 289.2% during the 3rd quarter. Heritage Investors Management Corp now owns 899,102 shares of the iPhone maker’s stock valued at $104,125,000 after buying an additional 668,106 shares in the last quarter. Finally, Eukles Asset Management grew its holdings in Apple by 302.9% during the 3rd quarter. Eukles Asset Management now owns 31,237 shares of the iPhone maker’s stock valued at $3,617,000 after buying an additional 23,484 shares in the last quarter. Institutional investors own 59.65% of the company’s stock.
A number of equities research analysts have issued reports on AAPL shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apple from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 10th. Sanford C. Bernstein reissued a “neutral” rating and issued a $100.00 target price on shares of Apple in a report on Wednesday, September 16th. The Goldman Sachs Group reissued a “sell” rating and issued a $75.00 target price on shares of Apple in a report on Thursday. Canaccord Genuity raised their target price on shares of Apple to $145.00 in a report on Tuesday, September 1st. Finally, Monness Crespi & Hardt raised their target price on shares of Apple from $117.50 to $144.00 and gave the company a “buy” rating in a report on Monday, August 31st. 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 issued a strong buy rating to the stock. Apple has an average rating of “Buy” and a consensus target price of $111.70.
Shares of Apple stock opened at $117.34 on Friday. The company has a market capitalization of $1,994.99 billion, a PE ratio of 35.99, a P/E/G ratio of 2.73 and a beta of 1.36. 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 50-day simple moving average of $116.43 and a two-hundred day simple moving average of $103.03. Apple Inc. has a one year low of $53.15 and a one year high of $137.98.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $64.70 billion during the quarter, compared to the consensus estimate of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. On average, equities analysts predict that Apple Inc. will post 4.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 12th. Shareholders of record on Monday, November 9th were issued a $0.205 dividend. The ex-dividend date was Friday, November 6th. This represents a $0.82 dividend on an annualized basis and a yield of 0.70%. Apple’s dividend payout ratio is presently 25.00%.
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.
See Also: Cost of Debt
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