Apple Inc. (NASDAQ:AAPL) Shares Purchased by Hubbell Strickland Wealth Management LLC

Hubbell Strickland Wealth Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,689 shares of the iPhone maker’s stock after purchasing an additional 121 shares during the quarter. Apple comprises about 0.8% of Hubbell Strickland Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Hubbell Strickland Wealth Management LLC’s holdings in Apple were worth $981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. Stralem & Co. Inc. acquired a new position in shares of Apple during the first quarter worth approximately $39,000. Sycomore Asset Management bought a new stake in Apple during the first quarter worth approximately $50,000. Heard Capital LLC bought a new position in shares of Apple in the first quarter valued at $51,000. Lloyd Advisory Services LLC. bought a new position in shares of Apple in the fourth quarter valued at $129,000. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Apple by 35.6% in the first quarter. Contravisory Investment Management Inc. now owns 484 shares of the iPhone maker’s stock valued at $123,000 after buying an additional 127 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Chris Kondo sold 4,491 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $305.62, for a total value of $1,372,539.42. Following the completion of the transaction, the insider now owns 7,370 shares of the company’s stock, valued at $2,252,419.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 9,137 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $285.12, for a total transaction of $2,605,141.44. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.

Shares of AAPL opened at $381.91 on Tuesday. The company has a 50-day simple moving average of $347.64 and a 200-day simple moving average of $305.92. The firm has a market capitalization of $1,663.00 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.83 and a beta of 1.18. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.50. Apple Inc. has a 52 week low of $192.58 and a 52 week high of $399.82.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.29. The business had revenue of $58.31 billion during the quarter, compared to analyst estimates of $54.64 billion. Apple had a net margin of 21.35% and a return on equity of 64.49%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 12.33 earnings per share for the current year.

Several research analysts have issued reports on the company. Wedbush upped their price target on Apple from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Monday. Deutsche Bank upped their price target on Apple from $380.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. UBS Group reaffirmed a “buy” rating on shares of Apple in a report on Monday. Goldman Sachs Group reissued a “sell” rating and set a $263.00 target price on shares of Apple in a research note on Tuesday, June 23rd. Finally, Loop Capital boosted their target price on shares of Apple from $280.00 to $330.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $331.86.

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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