Cox Capital Mgt LLC Boosts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Cox Capital Mgt LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 4.1% during the fourth quarter, Holdings reports. The institutional investor owned 23,268 shares of the iPhone maker’s stock after acquiring an additional 913 shares during the quarter. Apple comprises approximately 2.4% of Cox Capital Mgt LLC’s holdings, making the stock its 7th biggest position. Cox Capital Mgt LLC’s holdings in Apple were worth $3,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lountzis Asset Management LLC bought a new stake in shares of Apple in the second quarter valued at $26,000. Fure Financial Corp bought a new stake in Apple during the 3rd quarter worth approximately $37,000. Ruggie Capital Group bought a new stake in Apple during the third quarter valued at $41,000. Pacific Financial Group Inc. bought a new stake in Apple during the third quarter valued at approximately $46,000. Finally, GW&K Investment Management LLC grew its stake in Apple by 300.0% in the 3rd quarter. GW&K Investment Management LLC now owns 400 shares of the iPhone maker’s stock worth $46,000 after buying an additional 300 shares in the last quarter. 57.77% of the stock is owned by institutional investors.

AAPL stock opened at $130.89 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.33 and a current ratio of 1.36. The firm has a 50 day moving average price of $126.77 and a 200-day moving average price of $115.12. Apple Inc. has a 52-week low of $53.15 and a 52-week high of $138.79. The firm has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 40.15, a PEG ratio of 2.85 and a beta of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Apple had a return on equity of 75.15% and a net margin of 20.91%. The business had revenue of $64.70 billion during the quarter, compared to analysts’ expectations of $63.33 billion. During the same quarter in the previous year, the business earned $3.03 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 4.03 earnings per share for the current fiscal year.

Several brokerages recently issued reports on AAPL. JPMorgan Chase & Co. set a $150.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, January 5th. Cascend Securities increased their price objective on Apple from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. Argus raised Apple to a “buy” rating and set a $150.00 price objective on the stock in a report on Wednesday, October 14th. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Wells Fargo & Company increased their price target on shares of Apple from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus target price of $118.61.

In other Apple news, insider Chris Kondo sold 14,840 shares of Apple stock in a transaction on Friday, October 16th. The stock was sold at an average price of $121.34, for a total value of $1,800,685.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $110.42, for a total value of $1,877,140.00. Following the completion of the transaction, the senior vice president now owns 320,784 shares of the company’s stock, valued at approximately $35,420,969.28. The disclosure for this sale can be found here. Insiders have sold a total of 63,040 shares of company stock worth $7,415,586 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Read More: Asset Allocation

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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