Blackhill Capital Inc. Has $11.36 Million Position in Apple Inc. (AAPL)

Blackhill Capital Inc. cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,357 shares of the iPhone maker’s stock after selling 3,395 shares during the quarter. Apple makes up about 2.0% of Blackhill Capital Inc.’s holdings, making the stock its 12th biggest position. Blackhill Capital Inc.’s holdings in Apple were worth $11,358,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in Apple by 33.5% in the second quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after acquiring an additional 2,510 shares during the period. Roof Advisory Group Inc. raised its position in Apple by 44.0% in the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after acquiring an additional 12,930 shares during the period. Peavine Capital LLC raised its position in Apple by 428.7% in the second quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after acquiring an additional 5,650 shares during the period. Nikulski Financial Inc. raised its position in Apple by 1.6% in the first quarter. Nikulski Financial Inc. now owns 26,051 shares of the iPhone maker’s stock worth $4,371,000 after acquiring an additional 407 shares during the period. Finally, CNB Bank raised its position in Apple by 14.1% in the first quarter. CNB Bank now owns 9,815 shares of the iPhone maker’s stock worth $1,647,000 after acquiring an additional 1,213 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

NASDAQ AAPL opened at $178.58 on Monday. Apple Inc. has a 12-month low of $150.24 and a 12-month high of $233.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12. The company has a market capitalization of $877.75 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. Apple’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. Research analysts predict that Apple Inc. will post 13.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, November 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.

AAPL has been the topic of several research reports. Citigroup lowered their price objective on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Morgan Stanley lifted their price objective on shares of Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Royal Bank of Canada set a $240.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, September 24th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $210.00 price objective on shares of Apple in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Apple in a research report on Thursday, September 27th. They issued an “overweight” rating and a $272.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $220.67.

In related news, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the sale, the senior vice president now owns 105,538 shares of the company’s stock, valued at approximately $24,554,471.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 3,408 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now directly owns 8,940 shares in the company, valued at approximately $1,698,600. The disclosure for this sale can be found here. Insiders have sold a total of 204,845 shares of company stock worth $47,015,677 in the last ninety days. 0.08% of the stock is currently owned by insiders.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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