Calamos Wealth Management LLC Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Calamos Wealth Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPLGet 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.

Insider Activity

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 %

Shares of NASDAQ AAPL opened at $135.27 on Friday. The stock has a market cap of $2.14 trillion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. 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 firm has a 50-day moving average of $138.95 and a 200 day moving average of $148.10.

Apple (NASDAQ:AAPLGet 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.

About Apple

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

Read More

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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.