Moors & Cabot Inc. Increases Holdings in Apple Inc. (NASDAQ:AAPL)

Moors & Cabot Inc. grew its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 433,946 shares of the iPhone maker’s stock after buying an additional 2,165 shares during the quarter. Apple makes up 5.0% of Moors & Cabot Inc.’s holdings, making the stock its biggest holding. Moors & Cabot Inc.’s holdings in Apple were worth $101,109,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc lifted its holdings in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. ARK Investment Management LLC acquired a new position in Apple in the third quarter valued at $110,000. Finally, Cordant Inc. lifted its holdings 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 during the period. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were 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 directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

NASDAQ AAPL opened at $239.36 on Thursday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.60 trillion, a PE ratio of 39.37, a P/E/G ratio of 2.19 and a beta of 1.20. The company’s 50 day simple moving average is $241.17 and its two-hundred day simple moving average is $230.75.

Apple (NASDAQ:AAPLGet Free Report) last posted 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the company posted $1.46 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAPL. UBS Group reiterated a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Friday, December 13th. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their target price on shares of Apple from $286.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Four 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $238.05.

Read Our Latest Report on Apple

Apple Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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