Neville Rodie & Shaw Inc. Has $141.82 Million Position in Apple Inc. (NASDAQ:AAPL)

Neville Rodie & Shaw Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,648 shares of the iPhone maker’s stock after selling 16,462 shares during the quarter. Apple comprises about 10.4% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its biggest holding. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $141,815,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. increased its holdings in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Independent Family Office LLC increased its stake in Apple by 3.9% during the 1st quarter. Independent Family Office LLC now owns 6,529 shares of the iPhone maker’s stock valued at $1,120,000 after purchasing an additional 244 shares in the last quarter. M3 Advisory Group LLC raised its holdings in Apple by 15.3% in the first quarter. M3 Advisory Group LLC now owns 14,007 shares of the iPhone maker’s stock worth $2,402,000 after buying an additional 1,860 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Apple by 1.8% in the first quarter. Caprock Group LLC now owns 299,940 shares of the iPhone maker’s stock worth $51,434,000 after buying an additional 5,431 shares in the last quarter. Finally, Forbes Financial Planning Inc. lifted its stake in shares of Apple by 4.0% in the first quarter. Forbes Financial Planning Inc. now owns 22,660 shares of the iPhone maker’s stock worth $3,886,000 after buying an additional 865 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. Morgan Stanley restated an “overweight” rating and set a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, November 1st. Rosenblatt Securities boosted their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays lowered their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $235.51.

Insiders Place Their Bets

In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value 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 approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,040 shares of company stock valued at $91,062,512 in the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL stock opened at $228.02 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company’s fifty day moving average price is $227.18 and its 200-day moving average price is $217.00. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a market capitalization of $3.45 trillion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly 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 business 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 business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. On average, equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

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.