Apple Inc. (NASDAQ:AAPL) is Amica Retiree Medical Trust’s 2nd Largest Position

Amica Retiree Medical Trust reduced its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,113 shares of the iPhone maker’s stock after selling 2,655 shares during the period. Apple comprises 5.9% of Amica Retiree Medical Trust’s investment portfolio, making the stock its 2nd largest holding. Amica Retiree Medical Trust’s holdings in Apple were worth $4,714,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAPL. IFM Investors Pty Ltd grew its stake in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares during the period. Ironwood Wealth Management LLC. boosted its stake in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares during the period. Markel Corp boosted its stake in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares during the period. Camden Capital LLC boosted its stake in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC boosted its stake in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares during the period. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $137.87 on Friday. The firm has a 50-day moving average price of $138.72 and a 200 day moving average price of $148.09. The firm has a market capitalization of $2.18 trillion, a PE ratio of 22.56, a P/E/G ratio of 1.74 and a beta of 1.24. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last announced its 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 during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Apple’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. Apple’s dividend payout ratio (DPR) is 15.06%.

Insider Activity

In other news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAPL shares. Bank of America decreased their target price 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. Canaccord Genuity Group cut their price target on shares of Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group set a $180.00 target price on shares of Apple in a report on Thursday, January 12th. DA Davidson dropped their target price on shares of Apple to $167.00 in a report on Thursday, December 1st. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.73.

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.

Featured Stories

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.