Apple Inc. (NASDAQ:AAPL) Stock Position Decreased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,877 shares of the iPhone maker’s stock after selling 511 shares during the period. Apple makes up approximately 7.6% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 4th largest position. Arthur M. Cohen & Associates LLC’s holdings in Apple were worth $42,053,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hanlon Investment Management Inc. raised its stake in shares of Apple by 17.0% in the third quarter. Hanlon Investment Management Inc. now owns 18,398 shares of the iPhone maker’s stock worth $4,287,000 after buying an additional 2,677 shares during the period. Pittenger & Anderson Inc. boosted its stake in Apple by 0.4% during the third quarter. Pittenger & Anderson Inc. now owns 243,299 shares of the iPhone maker’s stock valued at $56,689,000 after buying an additional 934 shares during the last quarter. Geneva Partners LLC increased its position in Apple by 3.3% in the third quarter. Geneva Partners LLC now owns 65,926 shares of the iPhone maker’s stock worth $15,126,000 after purchasing an additional 2,100 shares during the last quarter. Arista Wealth Management LLC lifted its holdings in shares of Apple by 1.8% in the 3rd quarter. Arista Wealth Management LLC now owns 36,650 shares of the iPhone maker’s stock valued at $8,539,000 after acquiring an additional 655 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. increased its position in shares of Apple by 1.1% during the 3rd quarter. W.H. Cornerstone Investments Inc. now owns 29,406 shares of the iPhone maker’s stock valued at $6,852,000 after purchasing an additional 307 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL opened at $242.70 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market cap of $3.67 trillion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s 50 day moving average is $239.91 and its 200-day moving average is $229.75. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio is presently 16.45%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Barclays reduced their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Citigroup upped their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday. Finally, Loop Capital reduced their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $237.64.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

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.