Apple Inc. (NASDAQ:AAPL) Shares Purchased by Montis Financial LLC

Montis Financial LLC boosted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,450 shares of the iPhone maker’s stock after purchasing an additional 7,544 shares during the period. Apple makes up about 24.8% of Montis Financial LLC’s portfolio, making the stock its largest holding. Montis Financial LLC’s holdings in Apple were worth $25,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. MKT Advisors LLC boosted its holdings in Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares during the period. Your Advocates Ltd. LLP boosted its holdings in Apple by 1.0% during the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after acquiring an additional 65 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Apple by 6.7% during the second quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock valued at $143,000 after acquiring an additional 66 shares during the period. Aufman Associates Inc boosted its holdings in Apple by 0.9% during the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after acquiring an additional 66 shares during the period. Finally, Lake Point Wealth Management boosted its holdings in Apple by 1.7% during the second quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock valued at $550,000 after acquiring an additional 67 shares during the period. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

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

Apple Trading Up 1.0 %

Shares of NASDAQ AAPL opened at $142.53 on Wednesday. The company’s fifty day moving average is $138.42 and its 200-day moving average is $148.11. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.78 and a beta of 1.24. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. 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 (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Equities research analysts predict that Apple Inc. will post 6.19 EPS for the current year.

Apple Dividend Announcement

The company also recently declared 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 was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. Apple’s dividend payout ratio is 15.06%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Rosenblatt Securities reduced their target price on shares of Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Bank of America reduced 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. Robert W. Baird reduced their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. KeyCorp reiterated a “buy” rating and issued a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $184.00 target price on shares of Apple in a research note on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.44.

Apple Profile

(Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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