Apple Inc. (NASDAQ:AAPL) Stock Position Raised by Columbia Advisory Partners LLC

Columbia Advisory Partners LLC increased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,103 shares of the iPhone maker’s stock after purchasing an additional 1,057 shares during the quarter. Apple accounts for 3.9% of Columbia Advisory Partners LLC’s portfolio, making the stock its 7th largest position. Columbia Advisory Partners LLC’s holdings in Apple were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spence Asset Management purchased a new position in shares of Apple during the 2nd quarter worth $49,000. HBC Financial Services PLLC boosted its stake in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares during the last quarter. Emerson Wealth LLC boosted its stake in shares of Apple by 27.0% during the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 110 shares during the last quarter. Darrow Company Inc. purchased a new position in shares of Apple during the 2nd quarter worth $107,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Apple during the 1st quarter worth $171,000. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 available at this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 available at this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders sold 360,651 shares of company stock worth $53,703,645 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $148.01 on Tuesday. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The firm’s 50 day moving average price is $146.78 and its 200 day moving average price is $149.71. The company has a market cap of $2.35 trillion, a P/E ratio of 24.22, a PEG ratio of 1.93 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the prior year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. set a $200.00 price target on shares of Apple in a research note on Monday. Robert W. Baird dropped their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Morgan Stanley lowered their target price on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 8th. Bank Of America (Bofa) cut shares of Apple from a “buy” rating to a “neutral” rating and lowered their target price for the company from $189.00 to $160.00 in a research note on Friday, September 30th. Finally, Monness Crespi & Hardt started coverage on shares of Apple in a research note on Thursday, September 8th. They set a “buy” rating and a $174.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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