HWG Holdings LP Acquires 1,520 Shares of Apple Inc. (NASDAQ:AAPL)

HWG Holdings LP lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,119 shares of the iPhone maker's stock after purchasing an additional 1,520 shares during the quarter. Apple comprises about 7.6% of HWG Holdings LP's investment portfolio, making the stock its 2nd biggest position. HWG Holdings LP's holdings in Apple were worth $23,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Yoffe Investment Management LLC bought a new position in shares of Apple in the 4th quarter valued at about $1,556,000. LifeWealth Investments LLC bought a new stake in Apple during the fourth quarter worth approximately $6,167,000. Capital A Wealth Management LLC purchased a new stake in Apple during the fourth quarter valued at approximately $1,062,000. Financial Advisory Corp bought a new stake in shares of Apple in the 4th quarter valued at approximately $2,282,000. Finally, Discipline Wealth Solutions LLC lifted its stake in shares of Apple by 8.5% in the 4th quarter. Discipline Wealth Solutions LLC now owns 9,374 shares of the iPhone maker's stock valued at $2,348,000 after purchasing an additional 733 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Up 2.2%

Shares of AAPL stock traded up $4.42 on Friday, hitting $201.00. The stock had a trading volume of 95,792,149 shares, compared to its average volume of 53,610,148. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The business has a 50 day moving average price of $202.35 and a 200 day moving average price of $221.56. The company has a market cap of $3.00 trillion, a PE ratio of 31.31, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 167.24%. The business had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.52%. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio (DPR) is presently 16.20%.

Apple declared that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that permits the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AAPL shares. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. TD Cowen dropped their price objective on shares of Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group reissued an "underperform" rating and issued a $170.62 target price (up previously from $167.88) on shares of Apple in a research note on Friday, May 2nd. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Barclays dropped their price target on shares of Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average target price of $234.86.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,507 shares of company stock valued at $42,694,080 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Apple 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.