Davidson Capital Management Inc. Has $3.74 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Davidson Capital Management Inc. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,920 shares of the iPhone maker’s stock after purchasing an additional 645 shares during the period. Apple comprises about 1.0% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Davidson Capital Management Inc.’s holdings in Apple were worth $3,736,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AAPL. State Street Corp raised its holdings in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. FMR LLC boosted its position in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC grew its stake in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

AAPL stock opened at $202.14 on Wednesday. The company has a market cap of $3.04 trillion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $221.65 and a 200-day moving average of $230.79. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 in the last three months. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAPL shares. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Finally, Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $235.85.

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.