Apple Inc. (NASDAQ:AAPL) Shares Acquired by BCM Advisors LLC

BCM Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,736 shares of the iPhone maker’s stock after buying an additional 213 shares during the quarter. BCM Advisors LLC’s holdings in Apple were worth $1,940,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAPL. Lantz Financial LLC grew its holdings in shares of Apple by 8.6% during the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after buying an additional 2,361 shares during the last quarter. TFC Financial Management Inc. grew its holdings in shares of Apple by 0.7% during the second quarter. TFC Financial Management Inc. now owns 52,910 shares of the iPhone maker’s stock worth $11,144,000 after buying an additional 377 shares during the last quarter. Busey Bank lifted its position in Apple by 0.8% in the second quarter. Busey Bank now owns 1,025,702 shares of the iPhone maker’s stock valued at $216,033,000 after purchasing an additional 7,805 shares during the period. Iowa State Bank lifted its position in Apple by 1.8% in the second quarter. Iowa State Bank now owns 83,106 shares of the iPhone maker’s stock valued at $17,504,000 after purchasing an additional 1,431 shares during the period. Finally, First Bancorp Inc ME lifted its position in Apple by 3.3% in the second quarter. First Bancorp Inc ME now owns 30,201 shares of the iPhone maker’s stock valued at $6,361,000 after purchasing an additional 956 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAPL. Citigroup raised their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday. Bank of America reiterated a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Friday, January 3rd. Rosenblatt Securities lifted their price target on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson reiterated a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $238.02.

Apple Stock Performance

NASDAQ:AAPL opened at $222.64 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.25 and a beta of 1.20. The firm’s fifty day simple moving average is $241.12 and its 200 day simple moving average is $230.85. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results 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 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%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio is currently 16.45%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’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 in the company, valued at $3,528,946.53. This represents a 21.13 % 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 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.