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:AAPLGet 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:AAPLGet 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.

Read More

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.