Monte Financial Group LLC Has $1.70 Million Position in Apple Inc. (NASDAQ:AAPL)

Monte Financial Group LLC grew its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,309 shares of the iPhone maker’s stock after buying an additional 526 shares during the quarter. Monte Financial Group LLC’s holdings in Apple were worth $1,701,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Legal & General Group Plc raised its position in Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Apple by 12.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after buying an additional 8,716,964 shares in the last quarter. Swiss National Bank grew its position in Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after acquiring an additional 8,230,300 shares during the period. Finally, Verity Asset Management Inc. raised its stake in Apple by 29,097.9% during the first quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock worth $189,000 after acquiring an additional 5,282,726 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction that occurred 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 directly owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now directly 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson lowered their target price on shares of Apple to $167.00 in a report on Thursday, December 1st. Oppenheimer dropped their price objective on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, December 12th. Sanford C. Bernstein reduced their target price on Apple from $170.00 to $125.00 in a report on Monday, January 9th. BNP Paribas cut Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Tuesday, January 3rd. Finally, 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 note on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $170.04.

Apple Stock Up 0.0 %

Apple stock opened at $135.27 on Friday. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.74 and a beta of 1.24. The company’s 50 day simple moving average is $138.95 and its 200 day simple moving average is $148.10. 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 fifty-two week low of $124.17 and a fifty-two week high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping 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 company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period last year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Apple’s payout ratio is 15.06%.

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.