Apple Inc. (NASDAQ:AAPL) Stock Position Raised by Amalgamated Bank

Amalgamated Bank boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,201,193 shares of the iPhone maker’s stock after purchasing an additional 95,961 shares during the quarter. Apple makes up 6.1% of Amalgamated Bank’s investment portfolio, making the stock its biggest holding. Amalgamated Bank’s holdings in Apple were worth $745,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Sentry Investment Management LLC increased its holdings in Apple by 2.4% during the 3rd quarter. Sentry Investment Management LLC now owns 66,285 shares of the iPhone maker’s stock worth $15,444,000 after purchasing an additional 1,541 shares during the period. United Advisor Group LLC boosted its position in shares of Apple by 32.8% during the 3rd quarter. United Advisor Group LLC now owns 67,613 shares of the iPhone maker’s stock worth $15,754,000 after acquiring an additional 16,684 shares in the last quarter. ASB Consultores LLC boosted its position in shares of Apple by 9.4% during the 3rd quarter. ASB Consultores LLC now owns 6,161 shares of the iPhone maker’s stock worth $1,436,000 after acquiring an additional 529 shares in the last quarter. James J. Burns & Company LLC boosted its position in shares of Apple by 3.0% during the 3rd quarter. James J. Burns & Company LLC now owns 114,839 shares of the iPhone maker’s stock worth $26,757,000 after acquiring an additional 3,388 shares in the last quarter. Finally, FSM Wealth Advisors LLC boosted its position in shares of Apple by 3.9% during the 3rd quarter. FSM Wealth Advisors LLC now owns 39,955 shares of the iPhone maker’s stock worth $9,309,000 after acquiring an additional 1,509 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’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 directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $242.70 on Thursday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a market capitalization of $3.67 trillion, a P/E ratio of 39.92, a PEG ratio of 2.41 and a beta of 1.20. The business has a 50 day moving average price of $239.57 and a 200 day moving average price of $229.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Sell-side analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAPL shares. Rosenblatt Securities upped their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday. Sanford C. Bernstein upped their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Bank of America reissued a “buy” rating and issued a $256.00 target price on shares of Apple in a research report on Friday, January 3rd. Finally, Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.64.

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.