Colony Family Offices LLC Decreases Stake in Apple Inc. (NASDAQ:AAPL)

Colony Family Offices LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,823 shares of the iPhone maker’s stock after selling 484 shares during the period. Apple makes up about 1.1% of Colony Family Offices LLC’s portfolio, making the stock its 16th biggest position. Colony Family Offices LLC’s holdings in Apple were worth $3,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Mid American Wealth Advisory Group Inc. lifted its stake in Apple by 26.4% during the 1st quarter. Mid American Wealth Advisory Group Inc. now owns 14,193 shares of the iPhone maker’s stock valued at $2,434,000 after acquiring an additional 2,967 shares during the period. CJM Wealth Advisers Ltd. lifted its stake in Apple by 0.5% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 18,528 shares of the iPhone maker’s stock valued at $3,177,000 after acquiring an additional 100 shares during the period. Rise Advisors LLC lifted its stake in Apple by 133.9% during the 1st quarter. Rise Advisors LLC now owns 4,523 shares of the iPhone maker’s stock valued at $776,000 after acquiring an additional 2,589 shares during the period. Osher Van de Voorde Investment Management lifted its stake in Apple by 10.0% during the 1st quarter. Osher Van de Voorde Investment Management now owns 101,555 shares of the iPhone maker’s stock valued at $17,415,000 after acquiring an additional 9,230 shares during the period. Finally, Alaska Permanent Fund Corp lifted its stake in Apple by 3.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 26,107 shares of the iPhone maker’s stock valued at $4,477,000 after acquiring an additional 818 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 1.2 %

Shares of AAPL opened at $235.00 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The firm has a 50-day moving average price of $225.78 and a 200 day moving average price of $208.11. The firm has a market capitalization of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Analyst Ratings Changes

Several research firms recently issued reports on AAPL. Oppenheimer reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Wedbush reiterated an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. Barclays reiterated an “underweight” rating and issued a $186.00 target price on shares of Apple in a research note on Tuesday, October 1st. TD Cowen boosted their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Insider Activity at Apple

In related news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % 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, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by company insiders.

Apple 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.