Segall Bryant & Hamill LLC Has $139.04 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Segall Bryant & Hamill LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 555,206 shares of the iPhone maker's stock after acquiring an additional 8,706 shares during the period. Apple makes up approximately 1.9% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 2nd largest position. Segall Bryant & Hamill LLC's holdings in Apple were worth $139,035,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cahill Financial Advisors Inc. lifted its position in shares of Apple by 0.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 82,293 shares of the iPhone maker's stock worth $19,174,000 after buying an additional 439 shares during the last quarter. Capital Investment Counsel LLC grew its position in Apple by 1.7% in the third quarter. Capital Investment Counsel LLC now owns 73,567 shares of the iPhone maker's stock valued at $17,141,000 after acquiring an additional 1,224 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Apple by 10.6% during the third quarter. Summit Trail Advisors LLC now owns 317,612 shares of the iPhone maker's stock worth $74,004,000 after acquiring an additional 30,434 shares in the last quarter. Hartford Funds Management Co LLC lifted its holdings in shares of Apple by 17.5% in the third quarter. Hartford Funds Management Co LLC now owns 22,627 shares of the iPhone maker's stock worth $5,272,000 after acquiring an additional 3,366 shares during the last quarter. Finally, Garner Asset Management Corp lifted its holdings in shares of Apple by 3.2% in the third quarter. Garner Asset Management Corp now owns 43,691 shares of the iPhone maker's stock worth $10,180,000 after acquiring an additional 1,343 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company's stock, valued at $40,072,269.86. The trade was a 17.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. Corporate insiders own 0.06% of the company's stock.

Apple Trading Down 0.3%

Shares of Apple stock traded down $0.54 on Thursday, reaching $202.28. 29,288,934 shares of the company's stock were exchanged, compared to its average volume of 56,013,061. The company has a market capitalization of $3.02 trillion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm's 50-day moving average is $201.99 and its two-hundred day moving average is $224.54.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.03. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. Apple's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 earnings per share. Sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. 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 is presently 16.20%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Scotiabank lowered shares of Apple to a "market perform" rating in a report on Friday, May 2nd. UBS Group reaffirmed a "buy" rating on shares of Apple in a research note on Sunday. Wedbush reiterated an "outperform" rating and set a $270.00 price target on shares of Apple in a report on Friday, May 16th. Raymond James cut their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Loop Capital reduced their price objective on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $235.80.

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.