Apple Inc. (NASDAQ:AAPL) is Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ 3rd Largest Position

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,685 shares of the iPhone maker’s stock after purchasing an additional 490 shares during the period. Apple accounts for approximately 3.4% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 3rd largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Apple were worth $22,528,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Lantz Financial LLC raised its position in shares of Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after buying an additional 2,361 shares during the last quarter. Trinity Financial Advisors LLC grew its stake in Apple by 2.3% in the 2nd quarter. Trinity Financial Advisors LLC now owns 29,427 shares of the iPhone maker’s stock worth $6,198,000 after acquiring an additional 653 shares during the period. Foresight Capital Management Advisors Inc. raised its holdings in Apple by 0.3% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock valued at $4,003,000 after acquiring an additional 55 shares during the last quarter. MADDEN SECURITIES Corp lifted its stake in shares of Apple by 0.3% during the 2nd quarter. MADDEN SECURITIES Corp now owns 31,487 shares of the iPhone maker’s stock worth $6,632,000 after purchasing an additional 90 shares during the period. Finally, Guinness Asset Management LTD boosted its holdings in shares of Apple by 3.8% during the second quarter. Guinness Asset Management LTD now owns 156,985 shares of the iPhone maker’s stock worth $33,074,000 after purchasing an additional 5,759 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Maxim Group raised their target price on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Bank of America upped their price target on shares of Apple to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price target on shares of Apple in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.47.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock valued at $117,004,745 over the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $255.59 on Friday. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm’s 50-day simple moving average is $237.41 and its 200-day simple moving average is $227.79. The firm has a market cap of $3.86 trillion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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 the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The company 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 was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.