Coldstream Capital Management Inc. Boosts Stake in Apple Inc. (NASDAQ:AAPL)

Coldstream Capital Management Inc. raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430,248 shares of the iPhone maker’s stock after buying an additional 4,267 shares during the quarter. Apple accounts for about 2.2% of Coldstream Capital Management Inc.’s portfolio, making the stock its 9th largest position. Coldstream Capital Management Inc.’s holdings in Apple were worth $90,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Swedbank AB acquired a new position in shares of Apple in the 1st quarter valued at $3,026,492,000. Strategic Financial Concepts LLC raised its position in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after purchasing an additional 7,558,826 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 158.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Apple by 161.2% in the 1st quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock valued at $1,502,068,000 after purchasing an additional 5,405,542 shares during the period. Finally, Natixis increased its stake in Apple by 127.7% during the 1st quarter. Natixis now owns 4,632,987 shares of the iPhone maker’s stock worth $794,465,000 after purchasing an additional 2,598,742 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $261.00 target price on shares of Apple in a research note on Tuesday, September 10th. Cfra lifted their price target on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. Finally, Bank of America restated a “buy” rating and issued a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

Insider Activity

In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by insiders.

Apple Trading Up 0.4 %

AAPL stock opened at $231.41 on Monday. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company has a fifty day moving average price of $226.86 and a two-hundred day moving average price of $210.64. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 EPS. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate 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. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

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.