Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,895 shares of the iPhone maker's stock after buying an additional 31,608 shares during the period. Apple makes up 6.9% of Smithbridge Asset Management Inc. DE's holdings, making the stock its biggest position. Smithbridge Asset Management Inc. DE's holdings in Apple were worth $40,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Stewardship LLC raised its stake in Apple by 3.6% in the third quarter. Sound Stewardship LLC now owns 3,166 shares of the iPhone maker's stock valued at $738,000 after purchasing an additional 111 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in Apple by 20.9% in the 3rd quarter. Gemmer Asset Management LLC now owns 52,151 shares of the iPhone maker's stock valued at $12,151,000 after buying an additional 9,013 shares during the period. Family Investment Center Inc. raised its position in shares of Apple by 7.2% in the 3rd quarter. Family Investment Center Inc. now owns 9,970 shares of the iPhone maker's stock valued at $2,323,000 after buying an additional 669 shares in the last quarter. FCG Investment Co lifted its holdings in shares of Apple by 5.2% during the 3rd quarter. FCG Investment Co now owns 51,707 shares of the iPhone maker's stock worth $12,048,000 after acquiring an additional 2,554 shares during the period. Finally, Greenspring Advisors LLC lifted its holdings in shares of Apple by 6.8% during the 3rd quarter. Greenspring Advisors LLC now owns 38,043 shares of the iPhone maker's stock worth $8,864,000 after acquiring an additional 2,431 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the company a "hold" rating in a research report on Friday, November 1st. UBS Group restated a "neutral" rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Loop Capital decreased their target price on Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Monness Crespi & Hardt reissued a "buy" rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th. Finally, KeyCorp lowered shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $237.47.

Insider Activity

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 508,170 shares of company stock worth $117,004,745. Company insiders own 0.06% of the company's stock.

Apple Trading Down 1.3 %

Shares of NASDAQ:AAPL traded down $3.43 during midday trading on Friday, reaching $255.59. The company's stock had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a 50 day moving average price of $237.41 and a two-hundred day moving average price of $227.89. The firm has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. The firm had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. As a group, analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is 16.45%.

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.