S&CO Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 291,739 shares of the iPhone maker’s stock after purchasing an additional 6,580 shares during the quarter. Apple accounts for 4.4% of S&CO Inc.’s portfolio, making the stock its 3rd largest position. S&CO Inc.’s holdings in Apple were worth $67,975,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. High Net Worth Advisory Group LLC lifted its stake in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after buying an additional 1,066 shares in the last quarter. Granite Investment Partners LLC lifted its position in shares of Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after acquiring an additional 7,606 shares in the last quarter. Truist Financial Corp boosted its position in shares of Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after buying an additional 126,210 shares during the period. Sterling Investment Counsel LLC grew its holdings in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Insider Activity at Apple
In related news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.
Apple Price Performance
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 7.43 EPS for the current year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.
Analysts Set New Price Targets
AAPL has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research report on Friday, December 13th. The Goldman Sachs Group cut their price objective on Apple from $286.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $211.84 to $200.75 in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $238.05.
Read Our Latest Analysis on AAPL
Apple Profile
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.
Read More
- Five stocks we like better than Apple
- What Are Dividend Challengers?
- Bloom Energy: Powering the Future With Decentralized Energy
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Most Volatile Stocks, What Investors Need to Know
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.