Apple Inc. (NASDAQ:AAPL) Shares Sold by Hoxton Planning & Management LLC

Posted by Defense World Staff on Oct 17th, 2023

Hoxton Planning & Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,291 shares of the iPhone maker’s stock after selling 363 shares during the period. Apple accounts for approximately 2.9% of Hoxton Planning & Management LLC’s investment portfolio, making the stock its 8th largest holding. Hoxton Planning & Management LLC’s holdings in Apple were worth $4,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Vanguard Group Inc. grew its stake in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. Berkshire Hathaway Inc grew its stake in Apple by 2.3% in the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after acquiring an additional 20,424,207 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Apple by 0.9% in the first quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock valued at $46,918,015,000 after purchasing an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Apple by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after purchasing an additional 7,736,013 shares in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAPL. Robert W. Baird boosted their price target on Apple from $180.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Canaccord Genuity Group upped their target price on Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Evercore ISI reiterated an “outperform” rating and set a $210.00 target price on shares of Apple in a report on Thursday, September 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $195.00 target price on shares of Apple in a report on Monday, October 9th. Finally, UBS Group reiterated a “neutral” rating and set a $190.00 target price on shares of Apple in a report on Wednesday, September 27th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.40.

View Our Latest Analysis on Apple

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the transaction, the senior vice president now owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 240,569 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The disclosure for this sale can be found here. Insiders sold a total of 455,004 shares of company stock valued at $79,238,767 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.1 %

NASDAQ:AAPL opened at $178.72 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a market cap of $2.79 trillion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.40 and a beta of 1.28. The company has a 50 day simple moving average of $178.04 and a two-hundred day simple moving average of $178.71.

Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $81.80 billion for the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. Research analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were given a $0.24 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 0.54%. Apple’s dividend payout ratio (DPR) is 16.13%.

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.