City Center Advisors LLC Has $772,000 Holdings in Apple Inc. (NASDAQ:AAPL)

City Center Advisors LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,315 shares of the iPhone maker’s stock after selling 77 shares during the period. Apple comprises 0.9% of City Center Advisors LLC’s holdings, making the stock its 25th largest holding. City Center Advisors LLC’s holdings in Apple were worth $772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Threadgill Financial LLC increased its holdings in Apple by 2.0% in the third quarter. Threadgill Financial LLC now owns 11,198 shares of the iPhone maker’s stock worth $2,609,000 after purchasing an additional 222 shares in the last quarter. Kure Advisory LLC increased its holdings in Apple by 32.2% during the 3rd quarter. Kure Advisory LLC now owns 5,991 shares of the iPhone maker’s stock worth $1,396,000 after purchasing an additional 1,460 shares in the last quarter. Global Financial Private Client LLC grew its holdings in Apple by 1.4% during the third quarter. Global Financial Private Client LLC now owns 71,622 shares of the iPhone maker’s stock worth $16,688,000 after buying an additional 1,013 shares in the last quarter. New England Research & Management Inc. raised its holdings in shares of Apple by 0.3% in the third quarter. New England Research & Management Inc. now owns 36,348 shares of the iPhone maker’s stock valued at $8,469,000 after purchasing an additional 95 shares during the last quarter. Finally, Cypress Financial Planning LLC boosted its stake in shares of Apple by 3.2% in the 3rd quarter. Cypress Financial Planning LLC now owns 8,173 shares of the iPhone maker’s stock worth $1,904,000 after buying an additional 256 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % 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, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 over the last 90 days. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group increased their price objective on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Rosenblatt Securities lifted their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Citigroup lifted their price target on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $235.25.

Apple Stock Up 0.6 %

NASDAQ AAPL opened at $229.87 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The stock’s 50-day moving average price is $227.73 and its 200-day moving average price is $218.06. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is 16.45%.

Apple 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.