Amica Mutual Insurance Co. Lowers Position in Apple Inc. (NASDAQ:AAPL)

Amica Mutual Insurance Co. reduced its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 6.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,247 shares of the iPhone maker’s stock after selling 20,995 shares during the period. Apple accounts for about 5.6% of Amica Mutual Insurance Co.’s portfolio, making the stock its 3rd largest position. Amica Mutual Insurance Co.’s holdings in Apple were worth $39,283,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AAPL. Bluestem Financial Advisors LLC boosted its stake in Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC boosted its stake in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in Apple in the 2nd quarter worth approximately $55,000. Morgan Dempsey Capital Management LLC acquired a new stake in Apple in the 3rd quarter worth approximately $55,000. Finally, Newfound Research LLC acquired a new stake in Apple in the 3rd quarter worth approximately $67,000. 57.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the sale, the insider now directly owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 1.9 %

AAPL stock opened at $137.87 on Friday. The company’s 50 day moving average price is $138.72 and its 200 day moving average price is $148.09. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24. 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.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 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 company 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 posted $1.24 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.67%. Apple’s payout ratio is 15.06%.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Barclays decreased their price objective on shares of Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. Canaccord Genuity Group decreased their price objective on shares of Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Morgan Stanley decreased their price objective on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Finally, National Bank Financial decreased their price objective on shares of Apple to $54.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $166.73.

Apple Company 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; 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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