Moors & Cabot Inc. Has $101.11 Million Position in Apple Inc. (NASDAQ:AAPL)

Moors & Cabot Inc. grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 433,946 shares of the iPhone maker's stock after purchasing an additional 2,165 shares during the period. Apple comprises approximately 5.0% of Moors & Cabot Inc.'s holdings, making the stock its biggest holding. Moors & Cabot Inc.'s holdings in Apple were worth $101,109,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AAPL. EagleClaw Capital Managment LLC lifted its holdings in Apple by 5.5% during the third quarter. EagleClaw Capital Managment LLC now owns 95,493 shares of the iPhone maker's stock worth $22,250,000 after acquiring an additional 4,985 shares in the last quarter. Stonebridge Financial Planning Group LLC boosted its position in shares of Apple by 1.2% during the third quarter. Stonebridge Financial Planning Group LLC now owns 14,365 shares of the iPhone maker's stock worth $3,347,000 after buying an additional 164 shares during the period. Silver Oak Advisory Group Inc. grew its holdings in shares of Apple by 72.9% during the third quarter. Silver Oak Advisory Group Inc. now owns 9,971 shares of the iPhone maker's stock worth $2,323,000 after buying an additional 4,205 shares in the last quarter. Glaxis Capital Management LLC acquired a new stake in Apple in the 3rd quarter valued at approximately $466,000. Finally, Darwin Wealth Management LLC bought a new stake in Apple in the 3rd quarter valued at approximately $12,103,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 approximately $97,474,301.68. This represents 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 company insiders.

Apple Price Performance

AAPL traded down $1.74 during trading on Thursday, hitting $237.62. 32,786,231 shares of the stock traded hands, compared to its average volume of 56,478,961. The business has a 50 day moving average price of $241.37 and a 200 day moving average price of $230.81. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.57 trillion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.19 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. Equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AAPL shares. Barclays lowered their price objective on shares of Apple from $184.00 to $183.00 and set an "underweight" rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Apple from $265.00 to $260.00 in a research report on Thursday. Sanford C. Bernstein raised their price objective on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Bank of America reissued a "buy" rating and set a $253.00 price target (down from $256.00) on shares of Apple in a research report on Friday, January 24th. Finally, Moffett Nathanson reaffirmed a "sell" rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $238.05.

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.