Coston McIsaac & Partners Purchases 2,040 Shares of Apple Inc. (NASDAQ:AAPL)

Coston McIsaac & Partners raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,888 shares of the iPhone maker’s stock after purchasing an additional 2,040 shares during the period. Apple accounts for 4.1% of Coston McIsaac & Partners’ portfolio, making the stock its 5th largest holding. Coston McIsaac & Partners’ holdings in Apple were worth $14,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of AAPL. Altus Wealth Group LLC boosted its holdings in Apple by 2.6% in the 3rd quarter. Altus Wealth Group LLC now owns 31,547 shares of the iPhone maker’s stock valued at $7,350,000 after purchasing an additional 805 shares during the period. Rebalance LLC grew its holdings in shares of Apple by 11.1% during the 3rd quarter. Rebalance LLC now owns 10,923 shares of the iPhone maker’s stock worth $2,545,000 after purchasing an additional 1,087 shares in the last quarter. Hartford Investment Management Co. raised its stake in shares of Apple by 3.6% in the third quarter. Hartford Investment Management Co. now owns 956,855 shares of the iPhone maker’s stock valued at $222,947,000 after purchasing an additional 33,596 shares in the last quarter. Greenleaf Trust boosted its stake in Apple by 1.3% during the third quarter. Greenleaf Trust now owns 702,624 shares of the iPhone maker’s stock worth $163,711,000 after buying an additional 8,960 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Apple by 34.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 591,599 shares of the iPhone maker’s stock valued at $137,843,000 after buying an additional 152,310 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

NASDAQ:AAPL opened at $254.49 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $255.00. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The business’s 50-day moving average price is $234.97 and its two-hundred day moving average price is $225.48.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. On average, equities analysts expect 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. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AAPL shares. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and boosted their price target for the company from $205.00 to $212.92 in a research note on Monday, October 7th. UBS Group reiterated a “neutral” rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 508,170 shares of company stock worth $117,004,745. Corporate insiders own 0.06% of the company’s stock.

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.