Apple Inc. (NASDAQ:AAPL) is Autumn Glory Partners LLC's 9th Largest Position

Autumn Glory Partners LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,933 shares of the iPhone maker's stock after acquiring an additional 4,100 shares during the quarter. Apple makes up approximately 1.6% of Autumn Glory Partners LLC's portfolio, making the stock its 9th biggest position. Autumn Glory Partners LLC's holdings in Apple were worth $4,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Apple by 20,372.7% during the third 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 during the last quarter. Strategic Financial Concepts LLC increased its holdings in Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock valued at $1,603,000 after purchasing an additional 7,558,826 shares during the period. Pathway Financial Advisers LLC raised its position in Apple by 22,870.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock worth $1,302,607,000 after purchasing an additional 5,566,250 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Apple in the second quarter valued at about $834,368,000. Finally, Ameriprise Financial Inc. raised its position 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 worth $10,909,457,000 after acquiring an additional 3,245,281 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the 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 transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 1.3 %

Shares of AAPL traded down $3.43 during trading hours on Friday, reaching $255.59. 42,297,621 shares of the stock traded hands, compared to its average volume of 57,290,680. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a market cap of $3.86 trillion, a price-to-earnings ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23. The stock has a fifty day simple moving average of $237.41 and a 200 day simple moving average of $227.89. 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 - Get Free Report) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate 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 net margin of 23.97% and a return on equity of 152.94%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. On average, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AAPL. Evercore ISI restated a "buy" rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. KeyCorp downgraded Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price objective on the stock. in a research note on Friday, October 25th. Citigroup raised their target price on Apple to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Barclays dropped their price target on Apple from $186.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $237.47.

About Apple

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.