Advanced Research Investment Solutions LLC Has $994,000 Stake in Apple Inc. (NASDAQ:AAPL)

Advanced Research Investment Solutions LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 19.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,268 shares of the iPhone maker’s stock after selling 1,705 shares during the quarter. Apple accounts for approximately 0.6% of Advanced Research Investment Solutions LLC’s investment portfolio, making the stock its 13th largest position. Advanced Research Investment Solutions LLC’s holdings in Apple were worth $994,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AAPL. IFM Investors Pty Ltd increased its stake in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the period. Balasa Dinverno & Foltz LLC increased its stake in shares of Apple by 2.7% in the first quarter. Balasa Dinverno & Foltz LLC now owns 181,611 shares of the iPhone maker’s stock valued at $31,711,000 after buying an additional 4,830 shares during the period. Mascoma Wealth Management LLC increased its stake in shares of Apple by 4.2% in the first quarter. Mascoma Wealth Management LLC now owns 34,759 shares of the iPhone maker’s stock valued at $6,069,000 after buying an additional 1,404 shares during the period. Finally, Marino Stram & Associates LLC increased its position in Apple by 1.5% during the 1st quarter. Marino Stram & Associates LLC now owns 52,040 shares of the iPhone maker’s stock valued at $9,087,000 after purchasing an additional 758 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity

In other news, SVP Deirdre O’brien sold 176,299 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 360,651 shares of company stock valued at $53,703,645 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAPL. DA Davidson decreased their target price on shares of Apple from $185.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Wedbush decreased their target price on shares of Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Bank Of America (Bofa) downgraded shares of Apple from a “buy” rating to a “neutral” rating and decreased their target price for the company from $189.00 to $160.00 in a research report on Friday, September 30th. Barclays decreased their target price on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. Finally, Morgan Stanley decreased their target price on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Trading Down 2.2 %

NASDAQ AAPL opened at $148.01 on Tuesday. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 24.22, a PEG ratio of 1.93 and a beta of 1.25. The business has a fifty day simple moving average of $146.78 and a 200 day simple moving average of $149.71. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. On average, analysts predict that Apple Inc. will post 6.26 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is presently 15.06%.

Apple Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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