Apple Inc. (NASDAQ:AAPL) is Lincoln Capital Corp’s 4th Largest Position

Lincoln Capital Corp lowered its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,888 shares of the iPhone maker’s stock after selling 11,047 shares during the quarter. Apple makes up about 6.1% of Lincoln Capital Corp’s holdings, making the stock its 4th biggest holding. Lincoln Capital Corp’s holdings in Apple were worth $9,106,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Apple by 2.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after acquiring an additional 4,831,418 shares during the period. Legal & General Group Plc increased its holdings in shares of Apple by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after acquiring an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after acquiring an additional 1,155,915 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of 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 acquiring an additional 8,716,964 shares during the period. Hedge funds and other institutional investors own 57.60% of the company’s stock.

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 transaction of $27,493,829.05. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Apple stock opened at $137.87 on Friday. The stock has a market cap of $2.18 trillion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average of $138.72 and a 200-day moving average of $148.14. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $90.15 billion during 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 business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. On average, analysts expect that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Robert W. Baird dropped their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. KeyCorp reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a research note on Tuesday, November 8th. UBS Group set a $180.00 price objective on shares of Apple in a research note on Thursday, January 12th. Finally, BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research note on Tuesday, January 3rd. Two 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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