Baltimore Washington Financial Advisors Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,571 shares of the iPhone maker’s stock after selling 979 shares during the period. Apple makes up approximately 2.4% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 7th biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Apple were worth $14,686,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of AAPL. Amundi Pioneer Asset Management Inc. lifted its stake in Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after purchasing an additional 414,856 shares during the last quarter. WT Asset Management Ltd bought a new stake in Apple during the first quarter worth about $35,342,000. Centaurus Financial Inc. lifted its stake in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares during the last quarter. Bath Savings Trust Co lifted its stake in Apple by 0.9% during the second quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock worth $22,354,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Thomasville National Bank lifted its stake in Apple by 1.0% during the second quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock worth $21,392,000 after purchasing an additional 1,036 shares during the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.
AAPL traded up $0.71 during midday trading on Friday, reaching $260.14. 17,496,500 shares of the company’s stock traded hands, compared to its average volume of 28,496,354. The stock has a market capitalization of $1,142.50 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.83 and a beta of 1.25. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $260.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.54 and a quick ratio of 1.50. The firm has a fifty day moving average of $235.37 and a two-hundred day moving average of $209.53.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.19. The company had revenue of $64.04 billion during the quarter, compared to analyst estimates of $62.86 billion. Apple had a return on equity of 53.82% and a net margin of 21.24%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. Sell-side analysts forecast that Apple Inc. will post 13.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 annualized dividend and a yield of 1.18%. Apple’s dividend payout ratio is currently 25.90%.
AAPL has been the subject of several research analyst reports. Piper Jaffray Companies lifted their price target on Apple from $243.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Bank of America lifted their price target on Apple from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Rosenblatt Securities set a $150.00 target price on Apple and gave the company a “sell” rating in a research note on Friday, September 13th. HSBC set a $190.00 target price on Apple and gave the company a “sell” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research lowered Apple from a “hold” rating to a “sell” rating and set a $248.00 target price for the company. in a research note on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $239.51.
In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $201.69, for a total value of $3,529,575.00. Following the completion of the sale, the director now owns 1,150,783 shares of the company’s stock, valued at $232,101,423.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 37,394 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the completion of the sale, the director now directly owns 1,170,677 shares of the company’s stock, valued at approximately $301,788,823.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 465,658 shares of company stock valued at $100,549,205. 0.05% of the stock is currently owned by company insiders.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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