Apple Inc. (NASDAQ:AAPL) Shares Purchased by New England Research & Management Inc.

New England Research & Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,348 shares of the iPhone maker’s stock after purchasing an additional 95 shares during the quarter. Apple makes up about 4.0% of New England Research & Management Inc.’s portfolio, making the stock its biggest holding. New England Research & Management Inc.’s holdings in Apple were worth $8,469,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cypress Financial Planning LLC increased its stake in shares of Apple by 3.2% in the 3rd quarter. Cypress Financial Planning LLC now owns 8,173 shares of the iPhone maker’s stock worth $1,904,000 after acquiring an additional 256 shares during the last quarter. Foresight Capital Management Advisors Inc. grew its holdings in shares of Apple by 4.3% in the third quarter. Foresight Capital Management Advisors Inc. now owns 19,828 shares of the iPhone maker’s stock valued at $4,620,000 after purchasing an additional 823 shares during the period. Salvus Wealth Management LLC increased its position in Apple by 11.5% during the third quarter. Salvus Wealth Management LLC now owns 26,693 shares of the iPhone maker’s stock worth $6,219,000 after purchasing an additional 2,755 shares during the last quarter. Platte River Wealth Advisors LLC raised its stake in Apple by 0.8% during the third quarter. Platte River Wealth Advisors LLC now owns 64,444 shares of the iPhone maker’s stock worth $15,015,000 after purchasing an additional 521 shares during the period. Finally, Kwmg LLC boosted its holdings in Apple by 0.8% in the 3rd quarter. Kwmg LLC now owns 24,734 shares of the iPhone maker’s stock valued at $5,763,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAPL shares. TD Cowen raised their target price on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Rosenblatt Securities increased their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital cut their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Oppenheimer restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Finally, Moffett Nathanson cut their price objective on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Up 0.6 %

Shares of AAPL opened at $229.87 on Friday. The firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.24 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. 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 business’s fifty day moving average price is $227.73 and its two-hundred day moving average price is $218.06.

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

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by company insiders.

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.