Belmont Capital LLC reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,671 shares of the iPhone maker's stock after selling 77,232 shares during the period. Apple makes up about 14.2% of Belmont Capital LLC's holdings, making the stock its 3rd largest holding. Belmont Capital LLC's holdings in Apple were worth $85,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Apple by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker's stock worth $11,160,183,000 after purchasing an additional 2,785,807 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Apple by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock valued at $10,909,457,000 after purchasing an additional 3,245,281 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Apple by 3.2% during the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker's stock valued at $7,291,583,000 after purchasing an additional 1,065,759 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Apple by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker's stock worth $8,035,283,000 after purchasing an additional 432,140 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have commented on AAPL. JPMorgan Chase & Co. dropped their target price on Apple from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Jefferies Financial Group lowered shares of Apple from a "hold" rating to an "underperform" rating and decreased their target price for the company from $211.84 to $200.75 in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on Apple from $286.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, Morgan Stanley restated an "overweight" rating and set a $273.00 price target on shares of Apple in a research note on Friday, December 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $238.05.
Check Out Our Latest Report on Apple
Insider Activity at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Apple Stock Up 4.0 %
NASDAQ AAPL traded up $9.30 on Tuesday, hitting $239.16. The stock had a trading volume of 49,598,742 shares, compared to its average volume of 57,089,918. The business's fifty day moving average price is $240.97 and its 200 day moving average price is $230.70. The stock has a market cap of $3.60 trillion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during 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 firm's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.
Apple Company Profile
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Free Report)
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.
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