Calamos Wealth Management LLC Acquires 28,568 Shares of Apple Inc. (NASDAQ:AAPL)

Calamos Wealth Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 576,501 shares of the iPhone maker’s stock after acquiring an additional 28,568 shares during the quarter. Apple accounts for approximately 6.8% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Calamos Wealth Management LLC’s holdings in Apple were worth $79,672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in Apple in the 2nd quarter worth about $55,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Apple during the third quarter worth about $55,000. HBC Financial Services PLLC increased its stake in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the period. Newfound Research LLC bought a new position in Apple in the 3rd quarter valued at approximately $67,000. Finally, Emerson Wealth LLC boosted its position in 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 buying an additional 110 shares during the period. Institutional investors own 57.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AAPL shares. Rosenblatt Securities decreased their price target on shares of Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Barclays decreased their price objective on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. Bank of America reduced their price target on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a research report on Monday, November 7th. BNP Paribas cut Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Tuesday, January 3rd. Finally, UBS Group set a $180.00 price objective on Apple in a research note on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.04.

Apple Price Performance

Shares of AAPL opened at $135.27 on Friday. The business’s fifty day moving average is $138.95 and its 200 day moving average is $148.10. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The stock has a market cap of $2.14 trillion, a P/E ratio of 22.14, a P/E/G ratio of 1.74 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $88.77 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Insider Activity

In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction 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 transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated 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 sale, the insider now 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. Corporate insiders own 0.06% of the company’s stock.

About Apple

(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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