Northeast Investment Management decreased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,829 shares of the iPhone maker’s stock after selling 18,673 shares during the quarter. Apple makes up 7.8% of Northeast Investment Management’s portfolio, making the stock its largest position. Northeast Investment Management’s holdings in Apple were worth $138,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC grew its position in shares of Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares during the last quarter. Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at $21,746,940,000. Morgan Stanley lifted its stake in shares of Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the period. Berkshire Hathaway Inc raised its position in Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after acquiring an additional 20,424,207 shares during the period. Finally, Providence Capital Advisors LLC raised its position in Apple by 16,638.6% during the first quarter. Providence Capital Advisors LLC now owns 15,593,974 shares of the iPhone maker’s stock worth $94,566,000 after acquiring an additional 15,500,812 shares during the period. Institutional investors own 58.51% of the company’s stock.
Insider Buying and Selling
In related news, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the transaction, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, CFO Luca Maestri sold 31,685 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the transaction, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 439,585 shares of company stock valued at $76,485,550. Corporate insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
Apple Stock Up 2.3 %
AAPL opened at $186.40 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.94. The stock has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 2.53 and a beta of 1.30. The business has a 50-day moving average of $176.47 and a two-hundred day moving average of $179.95. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to analysts’ expectations of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. On average, research analysts expect that Apple Inc. will post 6.55 earnings per share for the current year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 15.69%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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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