Apple Inc. (NASDAQ:AAPL) Shares Acquired by Boltwood Capital Management

Boltwood Capital Management boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,027 shares of the iPhone maker’s stock after acquiring an additional 1,381 shares during the quarter. Apple accounts for approximately 2.6% of Boltwood Capital Management’s investment portfolio, making the stock its 8th biggest position. Boltwood Capital Management’s holdings in Apple were worth $8,627,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Praetorian Wealth Management Inc. boosted its position in shares of Apple by 3.2% during the 3rd quarter. Praetorian Wealth Management Inc. now owns 18,947 shares of the iPhone maker’s stock worth $4,415,000 after acquiring an additional 594 shares in the last quarter. Abacus Planning Group Inc. grew its stake in shares of Apple by 4.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 62,490 shares of the iPhone maker’s stock valued at $14,560,000 after purchasing an additional 2,769 shares during the last quarter. Waller Financial Planning Group Inc. increased its holdings in shares of Apple by 15.5% in the third quarter. Waller Financial Planning Group Inc. now owns 17,534 shares of the iPhone maker’s stock valued at $4,085,000 after purchasing an additional 2,356 shares during the period. McAlister Sweet & Associates Inc. raised its stake in shares of Apple by 2.9% during the third quarter. McAlister Sweet & Associates Inc. now owns 30,477 shares of the iPhone maker’s stock worth $7,101,000 after purchasing an additional 849 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in Apple by 4.4% during the third quarter. Doliver Advisors LP now owns 25,930 shares of the iPhone maker’s stock worth $6,042,000 after purchasing an additional 1,094 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AAPL. Rosenblatt Securities raised their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday, November 1st. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Finally, TD Cowen upped their price target on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $235.25.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $228.28 on Wednesday. The firm has a market cap of $3.45 trillion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock has a 50-day simple moving average of $227.34 and a 200-day simple moving average of $217.31. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

About Apple

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.