Apple Inc. (NASDAQ:AAPL) Stock Holdings Reduced by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lowered its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,048 shares of the iPhone maker’s stock after selling 181 shares during the quarter. Apple makes up approximately 3.9% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 4th biggest position. Dumont & Blake Investment Advisors LLC’s holdings in Apple were worth $10,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bluestem Financial Advisors LLC lifted its position in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after buying an additional 229,929 shares during the last quarter. HBC Financial Services PLLC lifted its position 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 worth $49,000 after buying an additional 80 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Apple in the second quarter worth about $55,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Apple in the third quarter worth about $55,000. Finally, Newfound Research LLC acquired a new position in shares of Apple during the 3rd quarter worth about $67,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group reissued a “buy” rating and set a $184.00 price objective on shares of Apple in a research report on Wednesday, January 18th. Rosenblatt Securities cut their price objective on Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, January 13th. National Bank Financial cut their price objective on Apple to $54.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.73.

Insider Activity

In other news, insider Chris Kondo sold 20,200 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the 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 completion of the transaction, the insider now directly owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 1.9 %

Shares of AAPL opened at $137.87 on Monday. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.78 and a beta of 1.24. 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 business’s fifty day moving average price is $138.72 and its two-hundred day moving average price is $148.18. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61.

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. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. On average, analysts predict that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio (DPR) is currently 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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