Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $234.70 Million Position in Apple Inc. (NASDAQ:AAPL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,698,229 shares of the iPhone maker’s stock after selling 21,883 shares during the period. Apple makes up about 3.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 10th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Apple were worth $234,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wealthspire Advisors LLC boosted its holdings in Apple by 42.8% during the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after purchasing an additional 89,865 shares during the last quarter. Emerald Advisors LLC boosted its holdings in Apple by 2.4% during the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after purchasing an additional 465 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in Apple by 35.7% during the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares during the last quarter. Callan Capital LLC lifted its stake in Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Sageworth Trust Co lifted its stake in Apple by 150.3% in the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after acquiring an additional 3,482 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Insider Activity

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $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 business’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 owns 110,673 shares of the company’s stock, valued at approximately $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 Up 1.0 %

Shares of NASDAQ AAPL opened at $142.53 on Wednesday. The company has a market capitalization of $2.26 trillion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. 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 company’s 50 day moving average price is $138.42 and its 200-day moving average price is $148.11.

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

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on AAPL shares. Morgan Stanley cut their price target on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Citigroup reiterated a “buy” rating and issued a $175.00 price target on shares of Apple in a research note on Tuesday, November 8th. Credit Suisse Group reiterated a “buy” rating and issued a $184.00 price target on shares of Apple in a research note on Wednesday, January 18th. National Bank Financial cut their price target on shares of Apple to $54.00 and set an “outperform” rating for the company in a research note on Friday, January 20th. Finally, Bank Of America (Bofa) cut shares of Apple from a “buy” rating to a “neutral” rating and cut their target price for the stock from $189.00 to $160.00 in a research note on Friday, September 30th. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.44.

About Apple

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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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