Calamos Wealth Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 5.2% in the third quarter, Holdings Channel.com reports. The firm owned 576,501 shares of the iPhone maker’s stock after buying an additional 28,568 shares during the period. Apple comprises about 6.8% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Calamos Wealth Management LLC’s holdings in Apple were worth $79,672,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of AAPL. Wealthspire Advisors LLC boosted its position in shares of Apple by 42.8% in the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after acquiring an additional 89,865 shares during the period. Emerald Advisors LLC lifted its stake in Apple by 2.4% in the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after purchasing an additional 465 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in Apple by 35.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 6,735 shares during the period. Callan Capital LLC grew its position in shares of Apple by 1.6% during the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Sageworth Trust Co raised its position in shares of Apple by 150.3% in the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock worth $793,000 after buying an additional 3,482 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.
In other news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
Apple Trading Up 0.0 %
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 6.19 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Apple’s payout ratio is presently 15.06%.
Analyst Upgrades and Downgrades
AAPL has been the topic of several recent analyst reports. Sanford C. Bernstein lowered their price target on Apple from $170.00 to $125.00 in a report on Monday, January 9th. JPMorgan Chase & Co. set a $180.00 price target on Apple and gave the stock an “overweight” rating in a research note on Thursday. Rosenblatt Securities reduced their price objective on Apple from $189.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Oppenheimer decreased their target price on shares of Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, December 12th. Finally, UBS Group set a $180.00 price target on shares of Apple in a research report on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.04.
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.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
- Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
- Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
- Microsoft Layoffs Signal Layoffs for Other Tech Companies?
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.