Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 663 Shares of Apple Inc. $AAPL

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,131 shares of the iPhone maker’s stock after purchasing an additional 663 shares during the period. Apple makes up about 2.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 5th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Apple were worth $18,902,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AAPL. Vanguard Group Inc. grew its holdings in Apple by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the period. Kingstone Capital Partners Texas LLC boosted 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 worth $39,065,374,000 after purchasing an additional 205,656,808 shares in the last quarter. Northern Trust Corp grew its stake in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Apple by 14.3% in the 4th 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 valued at $26,220,566,000 after buying an additional 13,137,968 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Apple by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock worth $21,790,933,000 after buying an additional 984,157 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Apple stock opened at $283.10 on Tuesday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $283.42. The company’s 50 day moving average price is $263.81 and its two-hundred day moving average price is $232.37. The stock has a market cap of $4.18 trillion, a P/E ratio of 42.96, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The company 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%.Apple’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.64 earnings per share. On average, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given 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 (DPR) is currently 13.92%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. Wells Fargo & Company set a $300.00 price objective on Apple and gave the company an “overweight” rating in a research note on Friday, October 31st. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Thursday, September 4th. Morgan Stanley upped their price objective on shares of Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Melius Research set a $345.00 target price on shares of Apple in a report on Friday, October 31st. Finally, Tigress Financial lifted their price target on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Three 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. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $278.22.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is owned by company insiders.

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.