Grandfield & Dodd LLC Sells 132 Shares of Apple Inc. (NASDAQ:AAPL)

Grandfield & Dodd LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,557 shares of the iPhone maker’s stock after selling 132 shares during the period. Grandfield & Dodd LLC’s holdings in Apple were worth $22,032,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC acquired a new stake in Apple in the third quarter valued at about $110,000. Finally, Cordant Inc. boosted its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of the company’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 sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Raymond James raised their price objective on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $211.84 to $200.75 in a research note on Tuesday, January 21st. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Apple Trading Up 0.5 %

Shares of AAPL stock opened at $239.36 on Thursday. The company has a market cap of $3.60 trillion, a P/E ratio of 39.37, a PEG ratio of 2.19 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The stock has a 50 day simple moving average of $241.17 and a two-hundred day simple moving average of $230.75. 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 (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. Research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple 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.