Apple Inc. (NASDAQ:AAPL) Stock Position Decreased by Clear Creek Financial Management LLC

Posted by Defense World Staff on Oct 6th, 2023

Clear Creek Financial Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,181 shares of the iPhone maker’s stock after selling 1,943 shares during the period. Apple accounts for approximately 1.5% of Clear Creek Financial Management LLC’s holdings, making the stock its 18th biggest position. Clear Creek Financial Management LLC’s holdings in Apple were worth $8,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its position in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares in the last quarter. Markel Corp boosted its holdings in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares in the last quarter. Camden Capital LLC boosted its holdings in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC boosted its holdings in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the transaction, the chief executive officer now owns 3,280,053 shares in the company, valued at $565,809,142.50. The disclosure for this sale can be found here. Insiders have sold a total of 321,524 shares of company stock worth $55,530,770 in the last 90 days. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL opened at $174.91 on Friday. The company’s fifty day moving average is $179.63 and its 200-day moving average is $177.47. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. During the same quarter in the prior year, the business posted $1.20 EPS. Apple’s quarterly revenue was down 1.4% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is 16.13%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AAPL shares. Morgan Stanley reiterated an “overweight” rating and issued a $215.00 price objective on shares of Apple in a report on Monday, September 25th. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Apple in a report on Wednesday, September 13th. Canaccord Genuity Group increased their price objective on shares of Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Jefferies Financial Group decreased their price objective on shares of Apple from $225.00 to $220.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Credit Suisse Group restated an “outperform” rating and set a $220.00 target price on shares of Apple in a report on Friday, September 15th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.54.

Get Our Latest Stock Analysis on AAPL

About Apple

(Free Report)

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.