Noesis Capital Mangement Corp Has $7.37 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Noesis Capital Mangement Corp grew its stake in Apple Inc. (NASDAQ:AAPL) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,632 shares of the iPhone maker’s stock after buying an additional 1,625 shares during the quarter. Apple accounts for about 1.5% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 28th biggest holding. Noesis Capital Mangement Corp’s holdings in Apple were worth $7,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Golden State Equity Partners acquired a new stake in Apple in the 2nd quarter valued at $23,891,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Apple by 3.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,552,673 shares of the iPhone maker’s stock valued at $1,801,364,000 after acquiring an additional 257,529 shares during the last quarter. Arjuna Capital raised its holdings in Apple by 2.5% during the second quarter. Arjuna Capital now owns 140,783 shares of the iPhone maker’s stock worth $29,652,000 after acquiring an additional 3,390 shares in the last quarter. North Point Portfolio Managers Corp OH boosted its position in Apple by 22.2% during the second quarter. North Point Portfolio Managers Corp OH now owns 6,401 shares of the iPhone maker’s stock valued at $1,348,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Apple by 13.9% in the second quarter. Signaturefd LLC now owns 536,154 shares of the iPhone maker’s stock valued at $112,925,000 after purchasing an additional 65,364 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.1 %

Shares of NASDAQ AAPL opened at $232.47 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a 50 day simple moving average of $241.54 and a 200 day simple moving average of $230.95. The firm has a market cap of $3.49 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, research analysts forecast that Apple Inc. will post 7.33 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s payout ratio is 15.87%.

Insiders Place Their Bets

In related news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’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 value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, 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. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AAPL. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Morgan Stanley lifted their price objective on shares of Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

About Apple

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.