Apple Inc. (NASDAQ:AAPL) Shares Acquired by Darrow Company Inc.

Darrow Company Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,401 shares of the iPhone maker’s stock after buying an additional 572 shares during the quarter. Apple comprises approximately 0.5% of Darrow Company Inc.’s holdings, making the stock its 29th largest position. Darrow Company Inc.’s holdings in Apple were worth $792,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC acquired a new position in Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the last quarter. Hoese & Co LLP boosted its position in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in Apple in the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple in the 2nd quarter valued at approximately $208,000. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Performance

AAPL stock opened at $237.33 on Monday. The firm has a 50 day simple moving average of $229.02 and a 200 day simple moving average of $220.02. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.81. The stock has a market cap of $3.59 trillion, a P/E ratio of 39.03, a P/E/G ratio of 2.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s payout ratio is 16.45%.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. Bank of America reiterated a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Thursday, October 3rd. Moffett Nathanson decreased their target price on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research report on Tuesday, November 19th. Barclays dropped their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Evercore ISI reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.68.

Apple Company 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.