Apple Inc. (NASDAQ:AAPL) is Bigelow Investment Advisors LLC’s 4th Largest Position

Bigelow Investment Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 0.4% in the third quarter, HoldingsChannel reports. The fund owned 32,329 shares of the iPhone maker’s stock after selling 114 shares during the period. Apple makes up about 3.2% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 4th biggest position. Bigelow Investment Advisors LLC’s holdings in Apple were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parker Financial LLC raised its holdings in Apple by 1.2% in the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after purchasing an additional 54 shares during the period. Mokosak Advisory Group LLC raised its holdings in Apple by 1.1% in the 2nd quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock worth $1,079,000 after purchasing an additional 59 shares during the period. Kraft Davis & Associates LLC raised its holdings in Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the period. MKT Advisors LLC raised its holdings in Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the period. Finally, Cassia Capital Partners LLC raised its holdings in Apple by 1.2% in the 3rd quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 60 shares during the period. Institutional investors own 58.51% of the company’s stock.

Apple Stock Down 0.9 %

Shares of NASDAQ AAPL opened at $187.15 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market cap of $2.89 trillion, a P/E ratio of 29.15, a PEG ratio of 2.27 and a beta of 1.31. Apple Inc. has a 1 year low of $143.90 and a 1 year high of $199.62. The firm has a 50-day simple moving average of $190.46 and a two-hundred day simple moving average of $184.00.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. Research analysts anticipate that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other news, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction that occurred on 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 $5,601,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction that occurred on 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 sale, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Tigress Financial increased their price target on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 16th. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research note on Monday. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and increased their price target for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. Finally, Monness Crespi & Hardt increased their price target on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Read Our Latest Stock Report on Apple

Apple Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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