Birch Hill Investment Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,099 shares of the iPhone maker’s stock after acquiring an additional 275 shares during the period. Apple comprises approximately 2.9% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Birch Hill Investment Advisors LLC’s holdings in Apple were worth $39,889,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AAPL. Amundi Pioneer Asset Management Inc. lifted its stake in Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after purchasing an additional 414,856 shares during the last quarter. WT Asset Management Ltd bought a new stake in Apple during the first quarter worth about $35,342,000. Centaurus Financial Inc. lifted its stake in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares during the last quarter. Bath Savings Trust Co lifted its stake in Apple by 0.9% during the second quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock worth $22,354,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Thomasville National Bank lifted its stake in Apple by 1.0% during the second quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock worth $21,392,000 after purchasing an additional 1,036 shares during the last quarter. 58.61% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Chris Kondo sold 3,932 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total value of $917,178.32. Following the completion of the sale, the insider now owns 15,464 shares of the company’s stock, valued at approximately $3,607,132.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the sale, the director now directly owns 1,150,783 shares of the company’s stock, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 465,658 shares of company stock valued at $100,549,205. 0.05% of the stock is owned by corporate insiders.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The company had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. During the same quarter in the prior year, the company earned $2.91 EPS. Apple’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 13.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, November 7th. This represents a $3.08 annualized dividend and a yield of 1.18%. Apple’s dividend payout ratio is presently 25.90%.
AAPL has been the subject of several research analyst reports. Loop Capital lifted their price target on Apple to $250.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Zacks Investment Research lowered Apple from a “hold” rating to a “sell” rating and set a $248.00 target price for the company. in a research note on Monday, October 14th. ValuEngine lowered Apple from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Daiwa Capital Markets set a $223.00 target price on Apple and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, BidaskClub raised Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $239.51.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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