Brio Consultants LLC Boosts Stock Position in Apple Inc. (NASDAQ:AAPL)

Brio Consultants LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 106.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,843 shares of the iPhone maker’s stock after purchasing an additional 40,053 shares during the quarter. Apple comprises 2.5% of Brio Consultants LLC’s portfolio, making the stock its 14th biggest holding. Brio Consultants LLC’s holdings in Apple were worth $11,634,000 as of its most recent SEC filing.

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

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated 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 sale, 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 this link. In other news, insider Chris Kondo sold 20,200 shares of the company’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 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 can be accessed through this link. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

Shares of AAPL stock opened at $142.53 on Wednesday. The stock’s 50-day simple moving average is $138.42 and its 200-day simple moving average is $148.11. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market capitalization of $2.26 trillion, a PE ratio of 23.33, a P/E/G ratio of 1.78 and a beta of 1.24. 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 announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 earnings per share. Equities analysts expect that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is presently 15.06%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Fundamental Research lifted their price objective on Apple to $168.50 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. UBS Group set a $180.00 price objective on Apple in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Tuesday, November 8th. KeyCorp reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.44.

Apple Company 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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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