Apple Inc. (NASDAQ:AAPL) Stock Holdings Lifted by Montag & Caldwell LLC

Montag & Caldwell LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 79.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,899 shares of the iPhone maker’s stock after purchasing an additional 50,256 shares during the quarter. Apple makes up approximately 4.8% of Montag & Caldwell LLC’s holdings, making the stock its 4th biggest position. Montag & Caldwell LLC’s holdings in Apple were worth $23,989,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Apple by 316.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,721,444 shares of the iPhone maker’s stock valued at $362,582,000 after purchasing an additional 1,307,877 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Apple by 58.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 808,895 shares of the iPhone maker’s stock valued at $170,369,000 after purchasing an additional 297,667 shares during the period. Grunden Financial Advisory Inc. raised its holdings in Apple by 3.4% in the 2nd quarter. Grunden Financial Advisory Inc. now owns 3,218 shares of the iPhone maker’s stock valued at $678,000 after acquiring an additional 106 shares in the last quarter. Menard Financial Group LLC raised its holdings in Apple by 13.4% in the 2nd quarter. Menard Financial Group LLC now owns 12,173 shares of the iPhone maker’s stock valued at $2,564,000 after acquiring an additional 1,438 shares in the last quarter. Finally, American Planning Services Inc. raised its holdings in Apple by 109.2% in the 2nd quarter. American Planning Services Inc. now owns 23,111 shares of the iPhone maker’s stock valued at $4,868,000 after acquiring an additional 12,064 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 417,924 shares of company stock valued at $94,142,399. Insiders own 0.06% of the company’s stock.

Apple Stock Down 1.3 %

AAPL opened at $222.91 on Monday. The company has a fifty day moving average price of $227.18 and a 200-day moving average price of $212.64. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.49.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 145.09%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 7.48 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, November 11th. Apple’s dividend payout ratio is presently 16.45%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Melius Research restated a “buy” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Wedbush restated an “outperform” rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Tigress Financial increased their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.23.

Apple Profile

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.