Boston Family Office LLC Sells 6,275 Shares of Apple Inc. (NASDAQ:AAPL)

Boston Family Office LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 319,128 shares of the iPhone maker’s stock after selling 6,275 shares during the period. Apple makes up 5.0% of Boston Family Office LLC’s portfolio, making the stock its largest holding. Boston Family Office LLC’s holdings in Apple were worth $74,357,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and cut their price objective for the company from $211.84 to $200.75 in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Maxim Group lifted their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Trading Down 0.7 %

Shares of Apple stock opened at $236.00 on Monday. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock has a 50 day moving average price of $241.68 and a two-hundred day moving average price of $230.84. The stock has a market capitalization of $3.55 trillion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. As a group, equities analysts anticipate that Apple Inc. will post 7.34 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred 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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by 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.