Bradley Foster & Sargent Inc. CT Sells 17,118 Shares of Apple Inc. (NASDAQ:AAPL)

Bradley Foster & Sargent Inc. CT lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,149,493 shares of the iPhone maker’s stock after selling 17,118 shares during the period. Apple accounts for about 4.4% of Bradley Foster & Sargent Inc. CT’s holdings, making the stock its 2nd biggest position. Bradley Foster & Sargent Inc. CT’s holdings in Apple were worth $242,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. DecisionPoint Financial LLC increased its position in Apple by 1.7% during the 2nd quarter. DecisionPoint Financial LLC now owns 10,815 shares of the iPhone maker’s stock worth $2,402,000 after purchasing an additional 180 shares during the period. Financial & Tax Architects LLC increased its position in Apple by 17.1% during the 2nd quarter. Financial & Tax Architects LLC now owns 9,392 shares of the iPhone maker’s stock worth $1,978,000 after purchasing an additional 1,370 shares during the period. Lumbard & Kellner LLC increased its position in Apple by 13.8% during the 2nd quarter. Lumbard & Kellner LLC now owns 15,235 shares of the iPhone maker’s stock worth $3,209,000 after purchasing an additional 1,843 shares during the period. Cranbrook Wealth Management LLC increased its position in Apple by 92.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 21,741 shares of the iPhone maker’s stock worth $4,579,000 after purchasing an additional 10,419 shares during the period. Finally, L & S Advisors Inc increased its position in Apple by 11.4% during the 2nd quarter. L & S Advisors Inc now owns 150,039 shares of the iPhone maker’s stock worth $31,601,000 after purchasing an additional 15,359 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on 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 transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s 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 owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,924 shares of company stock worth $94,142,399 in the last quarter. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.6 %

Shares of AAPL opened at $223.45 on Wednesday. The firm has a market cap of $3.40 trillion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company’s fifty day moving average is $226.98 and its two-hundred day moving average is $213.44. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.46 EPS. Analysts forecast that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cfra boosted their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup boosted their price target on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James boosted their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Finally, UBS Group reissued a “hold” rating and set a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.51.

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.