Appleton Partners Inc. MA Has $65.73 Million Position in Apple Inc. (NASDAQ:AAPL)

Appleton Partners Inc. MA boosted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,773 shares of the iPhone maker’s stock after purchasing an additional 872 shares during the quarter. Apple comprises about 6.2% of Appleton Partners Inc. MA’s investment portfolio, making the stock its largest holding. Appleton Partners Inc. MA’s holdings in Apple were worth $65,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elk River Wealth Management LLC boosted its position in shares of Apple by 49.0% during the first quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after buying an additional 54,989 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after buying an additional 5,703 shares during the period. Piscataqua Savings Bank boosted its position in shares of Apple by 1.5% during the first quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after buying an additional 684 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Apple during the first quarter worth about $171,000. Finally, Chico Wealth RIA acquired a new position in shares of Apple during the first quarter worth about $7,794,000. Institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 1.1 %

NASDAQ AAPL opened at $150.70 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. The business’s fifty day moving average is $159.65 and its 200 day moving average is $156.02.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter last year, the business posted $1.30 EPS. Apple’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio is currently 15.18%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Apple in a research report on Monday, August 1st. Rosenblatt Securities dropped their target price on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Citigroup upped their target price on Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Fundamental Research set a $177.07 price objective on Apple and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Bank of America dropped their price objective on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.52.

About Apple

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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