Apple Inc. (NASDAQ:AAPL) Shares Purchased by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,586 shares of the iPhone maker’s stock after buying an additional 47 shares during the period. Apple comprises approximately 8.7% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Apple were worth $25,068,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Swedbank AB bought a new position in Apple in the 1st quarter valued at $3,026,492,000. Strategic Financial Concepts LLC boosted its position in shares of Apple by 14,145.8% in the 2nd 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 last quarter. Canada Pension Plan Investment Board boosted its position in shares of Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after purchasing an additional 7,067,379 shares during the last quarter. Lazard Asset Management LLC boosted 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 worth $1,502,068,000 after purchasing an additional 5,405,542 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Apple in the 2nd quarter worth $834,368,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.1 %

Apple stock opened at $243.01 on Thursday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $244.11. 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 stock has a market capitalization of $3.67 trillion, a P/E ratio of 39.97, a PEG ratio of 2.35 and a beta of 1.23. The stock has a 50-day simple moving average of $229.92 and a 200 day simple moving average of $220.90.

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

Apple Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock worth $92,007,745 over the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Friday, November 1st. Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Maxim Group raised their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.68.

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.