Rockland Trust Co. Raises Position in Apple Inc. (NASDAQ:AAPL)

Rockland Trust Co. boosted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,385 shares of the iPhone maker’s stock after acquiring an additional 53,027 shares during the quarter. Apple comprises about 2.0% of Rockland Trust Co.’s investment portfolio, making the stock its 10th biggest position. Rockland Trust Co.’s holdings in Apple were worth $27,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Apple by 0.7% during 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 purchasing an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after purchasing an additional 4,831,418 shares during the period. Legal & General Group Plc grew its position in Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after acquiring an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after acquiring an additional 8,716,964 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AAPL. Credit Suisse Group set a $184.00 target price on shares of Apple in a research note on Wednesday, January 4th. BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Tuesday, January 3rd. UBS Group set a $180.00 price target on shares of Apple in a research note on Thursday, December 1st. Evercore ISI raised their price target on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. Finally, Barclays decreased their price target on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Monday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.25.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Insiders sold 204,552 shares of company stock valued at $31,645,123 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 0.4 %

Apple stock opened at $130.73 on Wednesday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a 50 day moving average price of $139.75 and a 200 day moving average price of $148.44. The company has a market capitalization of $2.08 trillion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.70%. Apple’s dividend payout ratio is presently 15.06%.

Apple Company Profile

(Get Rating)

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; 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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