Klingman & Associates LLC Acquires 7,075 Shares of Apple Inc. (NASDAQ:AAPL)

Klingman & Associates LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 3.0% in the third quarter, Holdings Channel.com reports. The firm owned 246,717 shares of the iPhone maker’s stock after buying an additional 7,075 shares during the period. Apple comprises about 3.4% of Klingman & Associates LLC’s investment portfolio, making the stock its 8th biggest position. Klingman & Associates LLC’s holdings in Apple were worth $42,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. State Street Corp raised its stake in Apple by 0.5% in the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock valued at $112,288,818,000 after purchasing an additional 2,616,084 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC raised its stake in Apple by 2.2% in the second quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock valued at $56,396,763,000 after purchasing an additional 6,367,053 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Apple by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after purchasing an additional 7,736,013 shares in the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the transaction, the insider now owns 29,174 shares in the company, valued at approximately $5,601,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the completion of the sale, the insider now owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 target price on shares of Apple in a research note on Wednesday, January 31st. Jefferies Financial Group lowered their target price on shares of Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Monness Crespi & Hardt lifted their price target on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Tigress Financial lifted their price target on shares of Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $205.72.

Read Our Latest Research Report on AAPL

Apple Stock Up 0.4 %

NASDAQ:AAPL opened at $188.85 on Friday. The firm’s 50-day moving average price is $190.51 and its 200-day moving average price is $184.12. The company has a market capitalization of $2.92 trillion, a PE ratio of 29.42, a P/E/G ratio of 2.27 and a beta of 1.31. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1-year low of $143.90 and a 1-year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. On average, equities analysts predict that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s payout ratio is 14.95%.

About Apple

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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