Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Tsfg LLC

Tsfg LLC increased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,164 shares of the iPhone maker’s stock after acquiring an additional 1,396 shares during the quarter. Apple accounts for 3.3% of Tsfg LLC’s portfolio, making the stock its 7th largest position. Tsfg LLC’s holdings in Apple were worth $7,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. MKT Advisors LLC grew its holdings in shares of Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the last quarter. Your Advocates Ltd. LLP grew its holdings in shares of Apple by 1.0% in the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock worth $867,000 after purchasing an additional 65 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Apple by 6.7% in the second quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock worth $143,000 after purchasing an additional 66 shares during the last quarter. Aufman Associates Inc grew its holdings in shares of Apple by 0.9% in the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock worth $1,049,000 after purchasing an additional 66 shares during the last quarter. Finally, Lake Point Wealth Management grew its holdings in shares of Apple by 1.7% in the second quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock worth $550,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was 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 in the company, valued at approximately $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Deirdre O’brien sold 8,053 shares of Apple 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 transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The stock was 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 in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,552 shares of company stock worth $31,645,123. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $133.41 on Friday. The stock has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.68 and a beta of 1.24. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The firm’s 50 day simple moving average is $139.41 and its 200-day simple moving average is $148.23. 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 (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts expect that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. Apple’s payout ratio is currently 15.06%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAPL. Morgan Stanley dropped their target price on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, November 8th. BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Tuesday, January 3rd. Barclays dropped their target price on shares of Apple from $144.00 to $133.00 and set an “equal weight” rating on the stock in a report on Wednesday. Sanford C. Bernstein dropped their target price on shares of Apple from $170.00 to $125.00 in a report on Monday. Finally, StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $171.93.

Apple Company 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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