Apple Inc. (NASDAQ:AAPL) is Rock Point Advisors LLC’s 4th Largest Position

Rock Point Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,228 shares of the iPhone maker’s stock after purchasing an additional 4,661 shares during the quarter. Apple accounts for 3.6% of Rock Point Advisors LLC’s investment portfolio, making the stock its 4th largest position. Rock Point Advisors LLC’s holdings in Apple were worth $13,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. FMR LLC grew its stake in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after acquiring an additional 7,558,826 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Apple by 22,870.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after acquiring an additional 5,566,250 shares during the last quarter. Hedge funds and other 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 the firm’s stock in a transaction that occurred 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 owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was 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.

Apple Trading Down 3.4 %

AAPL opened at $228.01 on Tuesday. The firm has a market capitalization of $3.43 trillion, a P/E ratio of 36.19, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s 50 day moving average is $241.68 and its 200-day moving average is $230.86. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts expect that Apple Inc. will post 7.33 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Evercore ISI increased their price objective on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of Apple in a research note on Friday. Finally, StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $242.52.

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.