Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,902,774 shares of the iPhone maker’s stock after selling 20,456 shares during the quarter. Apple comprises about 2.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 13th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Apple were worth $232,424,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in AAPL. Ironwood Wealth Management LLC. lifted its stake in shares of Apple by 304.8% in the 3rd quarter. Ironwood Wealth Management LLC. now owns 12,681 shares of the iPhone maker’s stock valued at $1,469,000 after purchasing an additional 9,548 shares during the period. Walkner Condon Financial Advisors LLC raised its stake in Apple by 429.5% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 48,398 shares of the iPhone maker’s stock worth $5,605,000 after buying an additional 39,258 shares during the period. United Bank raised its stake in Apple by 307.8% during the 3rd quarter. United Bank now owns 43,670 shares of the iPhone maker’s stock worth $5,057,000 after buying an additional 32,962 shares during the period. Great West Life Assurance Co. Can raised its stake in Apple by 284.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 14,908,820 shares of the iPhone maker’s stock worth $1,724,390,000 after buying an additional 11,030,352 shares during the period. Finally, Wealth Alliance raised its stake in Apple by 327.6% during the 3rd quarter. Wealth Alliance now owns 182,455 shares of the iPhone maker’s stock worth $21,130,000 after buying an additional 139,789 shares during the period. 57.77% of the stock is currently owned by institutional investors.
Apple stock opened at $131.94 on Friday. Apple Inc. has a one year low of $68.72 and a one year high of $145.09. The business has a fifty day moving average price of $125.10 and a 200-day moving average price of $125.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 40.47, a PEG ratio of 2.75 and a beta of 1.28.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.27. Apple had a return on equity of 75.15% and a net margin of 20.91%. The firm had revenue of $111.40 billion during the quarter, compared to analyst estimates of $103.24 billion. During the same period last year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 4.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 5th. Apple’s payout ratio is currently 25.00%.
In other news, COO Jeffrey E. Williams sold 133,867 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $125.74, for a total value of $16,832,436.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 18,216 shares of the stock in a transaction on Friday, April 16th. The stock was sold at an average price of $134.01, for a total value of $2,441,126.16. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.
AAPL has been the topic of a number of research reports. Monness Crespi & Hardt upped their price target on Apple from $144.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 28th. JPMorgan Chase & Co. set a $150.00 price target on Apple and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $171.00 price objective (up from $154.00) on shares of Apple in a research note on Monday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Wednesday. Finally, Raymond James increased their price objective on Apple from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus price target of $136.80.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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