Asset Management Advisors LLC Has $6.89 Million Holdings in Apple Inc. $AAPL

Asset Management Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,557 shares of the iPhone maker’s stock after selling 405 shares during the period. Apple comprises approximately 4.6% of Asset Management Advisors LLC’s holdings, making the stock its 6th biggest position. Asset Management Advisors LLC’s holdings in Apple were worth $6,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Kingstone Capital Partners Texas LLC grew its position in shares of Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares during the period. Nuveen LLC purchased a new position in Apple during the first quarter valued at $17,472,482,000. Northern Trust Corp grew its holdings in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Amundi grew its holdings in Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after purchasing an additional 14,651,321 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Apple by 14.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after buying an additional 13,137,968 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 228,052 shares of company stock worth $58,604,588. Insiders own 0.06% of the company’s stock.

Apple Stock Down 0.0%

Shares of AAPL stock opened at $267.44 on Wednesday. The stock has a market cap of $3.95 trillion, a P/E ratio of 40.58, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $277.32. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company’s fifty day simple moving average is $257.18 and its two-hundred day simple moving average is $227.87.

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

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. UBS Group lifted their price target on shares of Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Robert W. Baird set a $300.00 price objective on shares of Apple in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.22.

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.