Apple Inc. (NASDAQ:AAPL) is Cobblestone Capital Advisors LLC NY’s 4th Largest Position

Cobblestone Capital Advisors LLC NY grew its stake in Apple Inc. (NASDAQ:AAPL) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 348,141 shares of the iPhone maker’s stock after purchasing an additional 34,995 shares during the quarter. Apple makes up 4.5% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 4th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Apple were worth $81,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Heritage Family Offices LLP purchased a new stake in shares of Apple during the second quarter worth $3,331,000. Adero Partners LLC grew its stake in Apple by 36.7% during the 2nd quarter. Adero Partners LLC now owns 125,085 shares of the iPhone maker’s stock valued at $26,345,000 after acquiring an additional 33,602 shares in the last quarter. WBI Investments LLC raised its holdings in Apple by 304.3% in the 2nd quarter. WBI Investments LLC now owns 29,120 shares of the iPhone maker’s stock valued at $6,133,000 after acquiring an additional 21,917 shares during the last quarter. TFB Advisors LLC lifted its stake in Apple by 17.1% in the 2nd quarter. TFB Advisors LLC now owns 28,652 shares of the iPhone maker’s stock worth $6,035,000 after purchasing an additional 4,181 shares in the last quarter. Finally, Kings Path Partners LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $322,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. Maxim Group lifted their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and cut their price target for the stock from $211.84 to $200.75 in a report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Price Performance

Apple stock opened at $233.22 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $241.49 and a 200-day simple moving average of $230.96. The stock has a market cap of $3.51 trillion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

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

Apple Announces Dividend

The business also recently declared 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 is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is currently 15.87%.

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.