Apple Inc. (NASDAQ:AAPL) Shares Bought by Davis R M Inc.

Davis R M Inc. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,119,159 shares of the iPhone maker’s stock after acquiring an additional 31,019 shares during the quarter. Apple accounts for about 5.0% of Davis R M Inc.’s portfolio, making the stock its 2nd biggest holding. Davis R M Inc.’s holdings in Apple were worth $260,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC raised its holdings in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the period. Pathway Financial Advisers LLC raised its holdings in Apple by 22,870.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after buying an additional 5,566,250 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in Apple during the 2nd quarter worth about $834,368,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL opened at $236.00 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a market cap of $3.55 trillion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The stock’s 50-day moving average price is $241.68 and its two-hundred day moving average price is $230.84.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. On average, equities analysts predict that Apple Inc. will post 7.34 earnings per share for the current year.

Apple Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is presently 16.45%.

Insider Activity at Apple

In other Apple news, 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Monness Crespi & Hardt upped their target price on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upped their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group upped their target price on Apple from $280.00 to $294.00 and gave the company a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

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.