Tradewinds Capital Management LLC Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

Tradewinds Capital Management LLC lifted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,071 shares of the iPhone maker’s stock after purchasing an additional 381 shares during the period. Apple accounts for about 0.9% of Tradewinds Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Tradewinds Capital Management LLC’s holdings in Apple were worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bluestem Financial Advisors LLC lifted its position in shares of Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the period. CFS Investment Advisory Services LLC lifted its position in Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after acquiring an additional 7,416,445 shares during the period. Spence Asset Management purchased a new position in Apple during the 2nd quarter valued at about $49,000. HBC Financial Services PLLC lifted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the period. Finally, Ramsey Quantitative Systems purchased a new position in Apple during the 2nd quarter valued at about $55,000. 57.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold 204,552 shares of company stock valued at $31,645,123 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AAPL shares. Morgan Stanley lowered their price target 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. UBS Group set a $180.00 price target on shares of Apple in a research report on Thursday, December 1st. Bank of America reduced their price objective on shares of Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a research note on Monday, November 7th. Needham & Company LLC restated a “buy” rating and set a $170.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Finally, Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research note on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.57.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $129.62 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The company has a market capitalization of $2.06 trillion, a P/E ratio of 21.21, a P/E/G ratio of 1.62 and a beta of 1.24. The firm’s 50 day simple moving average is $140.61 and its two-hundred day simple moving average is $148.48.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Apple Profile

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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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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