Winthrop Advisory Group LLC Has $31.96 Million Holdings in Apple Inc. $AAPL

Winthrop Advisory Group LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,787 shares of the iPhone maker’s stock after buying an additional 5,164 shares during the quarter. Apple makes up about 3.1% of Winthrop Advisory Group LLC’s holdings, making the stock its 10th biggest holding. Winthrop Advisory Group LLC’s holdings in Apple were worth $31,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salus Financial Advisors LLC raised its stake in Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after acquiring an additional 49 shares during the period. Red Tortoise LLC raised its stake in Apple by 0.9% during the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after acquiring an additional 49 shares during the period. SigFig Wealth Management LLC raised its stake in Apple by 2.8% during the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after acquiring an additional 50 shares during the period. Sharpepoint LLC raised its stake in Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares during the period. Finally, Redwood Financial Network Corp raised its stake in Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after acquiring an additional 53 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 259,121 shares of company stock valued at $65,358,981. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $270.37 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business has a 50-day moving average price of $248.34 and a 200 day moving average price of $222.01. The company has a market capitalization of $4.01 trillion, a P/E ratio of 41.03, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is currently 15.78%.

Analyst Ratings Changes

A number of research firms have commented on AAPL. Argus set a $325.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Friday. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Apple in a research note on Wednesday. Evercore ISI lifted their price objective on shares of Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $276.39.

About Apple

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.