Dumont & Blake Investment Advisors LLC Has $10.51 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Dumont & Blake Investment Advisors LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 76,048 shares of the iPhone maker’s stock after selling 181 shares during the period. Apple makes up about 3.9% of Dumont & Blake Investment Advisors LLC’s investment portfolio, making the stock its 4th largest position. Dumont & Blake Investment Advisors LLC’s holdings in Apple were worth $10,510,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new position in shares of Apple in the 2nd quarter valued at about $55,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Apple in the 3rd quarter valued at about $55,000. HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Newfound Research LLC bought a new position in shares of Apple in the 3rd quarter valued at about $67,000. Finally, Emerson Wealth LLC grew its holdings in shares of Apple by 27.0% in the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Apple Stock Up 1.9 %

Shares of AAPL opened at $137.87 on Monday. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The company has a market cap of $2.18 trillion, a P/E ratio of 22.56, a P/E/G ratio of 1.78 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. The firm has a 50 day simple moving average of $138.72 and a two-hundred day simple moving average of $148.18.

Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, 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 sale, the insider now 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 SEC, which is accessible through this link. In other Apple news, 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 sale, the insider now 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 SEC, which is accessible through this link. Also, CFO Luca Maestri sold 176,299 shares of the business’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 sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer decreased their price objective on Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, December 12th. Credit Suisse Group reiterated a “buy” rating and set a $184.00 price target on shares of Apple in a report on Wednesday, January 18th. Morgan Stanley reduced their price target on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, November 8th. Canaccord Genuity Group reduced their price target on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Finally, StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $166.73.

Apple Profile

(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.