DE Burlo Group Inc. Lowers Stock Position in Apple Inc. (NASDAQ:AAPL)

DE Burlo Group Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 27.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,158 shares of the iPhone maker’s stock after selling 56,965 shares during the period. Apple makes up approximately 4.4% of DE Burlo Group Inc.’s investment portfolio, making the stock its 8th biggest position. DE Burlo Group Inc.’s holdings in Apple were worth $35,686,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AAPL. Cohen Investment Advisors LLC raised its position in shares of Apple by 0.5% in the 2nd quarter. Cohen Investment Advisors LLC now owns 46,574 shares of the iPhone maker’s stock valued at $9,809,000 after buying an additional 239 shares in the last quarter. Callan Family Office LLC increased its stake in Apple by 157.1% in the second quarter. Callan Family Office LLC now owns 47,854 shares of the iPhone maker’s stock valued at $10,079,000 after acquiring an additional 29,239 shares during the last quarter. Liontrust Investment Partners LLP raised its position in Apple by 60.5% during the second quarter. Liontrust Investment Partners LLP now owns 205,466 shares of the iPhone maker’s stock valued at $43,275,000 after purchasing an additional 77,466 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in Apple by 1.4% during the second quarter. First Command Advisory Services Inc. now owns 40,512 shares of the iPhone maker’s stock worth $8,533,000 after purchasing an additional 550 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Apple by 6.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,786,956 shares of the iPhone maker’s stock valued at $1,008,229,000 after purchasing an additional 284,217 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Citigroup boosted their target price on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and reduced their price target for the company from $211.84 to $200.75 in a research note on Thursday. UBS Group reiterated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Apple from $286.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.05.

Apple Trading Down 0.7 %

Shares of Apple stock opened at $237.62 on Friday. The company has a market capitalization of $3.57 trillion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The stock has a fifty day simple moving average of $241.37 and a 200 day simple moving average of $230.81. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is currently 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.