Hudson Value Partners LLC Acquires Shares of 53,248 Apple Inc. (NASDAQ:AAPL)

Hudson Value Partners LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 53,248 shares of the iPhone maker’s stock, valued at approximately $7,120,000. Apple comprises about 4.8% of Hudson Value Partners LLC’s portfolio, making the stock its 2nd biggest position.

Other hedge funds have also made changes to their positions in the company. Clear Perspectives Financial Planning LLC bought a new position in Apple in the fourth quarter valued at approximately $27,000. Pacific Financial Group Inc. acquired a new stake in Apple in the third quarter worth $46,000. GW&K Investment Management LLC raised its holdings in Apple by 300.0% in the third quarter. GW&K Investment Management LLC now owns 400 shares of the iPhone maker’s stock worth $46,000 after purchasing an additional 300 shares during the period. Cordant Inc. raised its holdings in Apple by 302.4% in the third quarter. Cordant Inc. now owns 503 shares of the iPhone maker’s stock worth $58,000 after purchasing an additional 378 shares during the period. Finally, Altshuler Shaham Ltd raised its holdings in Apple by 112.2% in the third quarter. Altshuler Shaham Ltd now owns 681 shares of the iPhone maker’s stock worth $79,000 after purchasing an additional 6,279 shares during the period. 57.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Jeffrey E. Williams sold 133,867 shares of the business’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $125.74, for a total value of $16,832,436.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

Shares of AAPL opened at $127.90 on Thursday. The firm has a 50-day moving average of $123.20 and a 200-day moving average of $123.53. Apple Inc. has a one year low of $65.31 and a one year high of $145.09. The company has a market cap of $2.15 trillion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.41 by $0.27. The business had revenue of $111.40 billion during the quarter, compared to the consensus estimate of $103.24 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. Apple’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Analysts expect that Apple Inc. will post 4.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.64%. Apple’s dividend payout ratio (DPR) is currently 25.00%.

AAPL has been the topic of several analyst reports. Raymond James increased their target price on shares of Apple from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. Smith Barney Citigroup increased their target price on shares of Apple from $125.00 to $150.00 in a report on Friday, December 18th. Credit Suisse Group increased their target price on shares of Apple from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, January 28th. They noted that the move was a valuation call. Canaccord Genuity raised their price objective on shares of Apple from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 28th. Finally, Sanford C. Bernstein set a $132.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Monday, March 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have assigned a buy rating to the company. Apple has an average rating of “Buy” and a consensus price target of $135.03.

Apple 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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