12,021 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Brucke Financial Inc.

Brucke Financial Inc. bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,021 shares of the iPhone maker's stock, valued at approximately $2,837,000. Apple accounts for approximately 2.5% of Brucke Financial Inc.'s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advanced Portfolio Management LLC grew its holdings in Apple by 0.3% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after purchasing an additional 47 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after purchasing an additional 48 shares during the last quarter. Family Capital Management Inc. grew its holdings in Apple by 0.3% during the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after purchasing an additional 48 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Apple by 0.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker's stock valued at $4,178,000 after purchasing an additional 48 shares during the last quarter. Finally, Scarborough Advisors LLC grew its holdings in Apple by 0.3% during the fourth quarter. Scarborough Advisors LLC now owns 15,940 shares of the iPhone maker's stock valued at $3,992,000 after purchasing an additional 51 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This trade represents a 50.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, 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. Over the last three months, insiders sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. TD Cowen lowered their price target on Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays lowered their price target on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Evercore ISI increased their price target on Apple to $250.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Wedbush reiterated an "outperform" rating and set a $270.00 price target on shares of Apple in a report on Tuesday, June 10th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus target price of $234.86.

Apple Stock Performance

AAPL stock traded up $4.42 during midday trading 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. The firm has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.24 and a beta of 1.22. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The stock has a 50-day simple moving average of $202.35 and a 200 day simple moving average of $221.56. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. Apple's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.53 earnings per share. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Apple Increases Dividend

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

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.