Annex Advisory Services LLC Buys 2,870 Shares of Apple Inc. (NASDAQ:AAPL)

Annex Advisory Services LLC grew its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.4% in the third quarter, HoldingsChannel.com reports. The fund owned 211,931 shares of the iPhone maker’s stock after acquiring an additional 2,870 shares during the period. Apple makes up 2.0% of Annex Advisory Services LLC’s investment portfolio, making the stock its 13th largest position. Annex Advisory Services LLC’s holdings in Apple were worth $29,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after purchasing an additional 4,831,418 shares in the last quarter. Legal & General Group Plc increased its stake in Apple by 8.2% during the 2nd 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. Charles Schwab Investment Management Inc. increased its stake in Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after purchasing an additional 8,716,964 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and set a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. BNP Paribas downgraded Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Tuesday, January 3rd. UBS Group set a $180.00 price target on Apple in a research report on Thursday, January 12th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, Wedbush reduced their price target on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.73.

Apple Stock Up 1.9 %

AAPL stock opened at $137.87 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24. The business’s fifty day moving average price is $138.72 and its two-hundred day moving average price is $148.14. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is currently 15.06%.

Insider Buying and Selling

In related 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 $17,259,454.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple 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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