Apple Inc. $AAPL Position Raised by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 345,632 shares of the iPhone maker’s stock after purchasing an additional 400 shares during the quarter. Apple comprises 3.6% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 5th biggest holding. Cobblestone Capital Advisors LLC NY’s holdings in Apple were worth $70,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in Apple by 2.8% in the second quarter. Bessemer Group Inc. now owns 11,532,638 shares of the iPhone maker’s stock worth $2,366,152,000 after buying an additional 317,787 shares during the last quarter. Schmidt P J Investment Management Inc. raised its stake in shares of Apple by 1.9% in the second quarter. Schmidt P J Investment Management Inc. now owns 156,323 shares of the iPhone maker’s stock valued at $32,073,000 after acquiring an additional 2,921 shares during the period. Yukon Wealth Management Inc. lifted its holdings in shares of Apple by 1.3% in the 2nd quarter. Yukon Wealth Management Inc. now owns 95,700 shares of the iPhone maker’s stock worth $19,635,000 after acquiring an additional 1,236 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of Apple by 7.4% during the 2nd quarter. GoalVest Advisory LLC now owns 13,219 shares of the iPhone maker’s stock worth $2,712,000 after purchasing an additional 908 shares during the period. Finally, First Command Advisory Services Inc. boosted its stake in shares of Apple by 5.3% during the 2nd quarter. First Command Advisory Services Inc. now owns 41,086 shares of the iPhone maker’s stock worth $8,430,000 after purchasing an additional 2,058 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. DZ Bank raised shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Tuesday, November 4th. Melius Research set a $345.00 price target on Apple in a research note on Friday, October 31st. Bank of America upped their price objective on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI increased their target price on Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Melius boosted their target price on shares of Apple from $290.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

Apple Stock Performance

Shares of Apple stock opened at $278.63 on Friday. The firm has a market cap of $4.12 trillion, a P/E ratio of 42.28, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $280.38. The stock’s fifty day moving average price is $263.27 and its 200-day moving average price is $231.59.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors 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 of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the sale, the insider owned 15,098 shares of the company’s stock, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 228,052 shares of company stock valued at $58,604,588 over the last ninety days. Company insiders own 0.06% of the company’s stock.

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.