Albert D Mason Inc. Sells 220 Shares of Apple Inc. $AAPL

Albert D Mason Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,670 shares of the iPhone maker’s stock after selling 220 shares during the period. Albert D Mason Inc.’s holdings in Apple were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Baker Boyer National Bank increased its position in Apple by 0.3% during the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after purchasing an additional 47 shares during the period. Salus Financial Advisors LLC raised its stake in Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after buying an additional 49 shares in the last quarter. Red Tortoise LLC lifted its holdings in Apple by 0.9% during the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 49 shares during the period. SigFig Wealth Management LLC increased its holdings in shares of Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after acquiring an additional 50 shares during the period. Finally, Shariaportfolio Inc. raised its position in shares of Apple by 1.3% in the 2nd quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after acquiring an additional 50 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Apple stock opened at $272.41 on Monday. The stock has a market capitalization of $4.03 trillion, a P/E ratio of 41.34, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. 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 firm’s 50-day moving average is $255.92 and its two-hundred day moving average is $227.05.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and upped their target price for the stock from $226.00 to $315.00 in a research note on Monday, October 20th. Citigroup reaffirmed a “buy” rating and issued a $315.00 price target (up from $245.00) on shares of Apple in a research note on Friday, October 31st. Barclays increased their price objective on shares of Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Wells Fargo & Company set a $300.00 price target on Apple and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.22.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. This represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Company 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.