Apple Inc. (NASDAQ:AAPL) is Border to Coast Pensions Partnership Ltd’s 6th Largest Position

Border to Coast Pensions Partnership Ltd grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 14.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,261,884 shares of the iPhone maker’s stock after acquiring an additional 160,394 shares during the quarter. Apple makes up about 2.2% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 6th biggest position. Border to Coast Pensions Partnership Ltd’s holdings in Apple were worth $116,652,990,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Mokosak Advisory Group LLC boosted its stake in Apple by 1.2% during the 1st quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock valued at $996,000 after purchasing an additional 66 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Apple by 6.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock valued at $143,000 after purchasing an additional 66 shares during the period. Lake Point Wealth Management boosted its stake in Apple by 1.7% during the 2nd quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock valued at $550,000 after purchasing an additional 67 shares during the period. Cardinal Point Wealth Management Partners LLC boosted its stake in Apple by 0.4% during the 2nd quarter. Cardinal Point Wealth Management Partners LLC now owns 16,455 shares of the iPhone maker’s stock valued at $2,250,000 after purchasing an additional 68 shares during the period. Finally, Silver Lake Advisory LLC boosted its stake in Apple by 1.4% during the 2nd quarter. Silver Lake Advisory LLC now owns 4,875 shares of the iPhone maker’s stock valued at $667,000 after purchasing an additional 69 shares during the period. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold 380,851 shares of company stock worth $56,707,789 in the last three months. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wedbush reduced their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Fundamental Research raised their price objective on Apple to $168.50 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Finally, DA Davidson cut their target price on Apple from $185.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Stock Up 0.6 %

NASDAQ AAPL opened at $151.07 on Thursday. The stock has a fifty day moving average of $146.70 and a 200-day moving average of $149.66. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.

Apple 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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