Osborn Williams & Donohoe LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,255 shares of the iPhone maker’s stock after selling 512 shares during the quarter. Apple makes up 3.6% of Osborn Williams & Donohoe LLC’s holdings, making the stock its 2nd largest holding. Osborn Williams & Donohoe LLC’s holdings in Apple were worth $23,083,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benin Management CORP increased its holdings in Apple by 8.0% in the 3rd quarter. Benin Management CORP now owns 36,400 shares of the iPhone maker’s stock valued at $8,217,000 after acquiring an additional 2,683 shares during the last quarter. Berkshire Money Management Inc. increased its holdings in shares of Apple by 37.8% in the 3rd quarter. Berkshire Money Management Inc. now owns 4,941 shares of the iPhone maker’s stock worth $1,115,000 after buying an additional 1,355 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its holdings in shares of Apple by 13.5% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 2,168 shares of the iPhone maker’s stock worth $492,000 after buying an additional 258 shares during the last quarter. Moller Financial Services bought a new stake in shares of Apple in the 3rd quarter worth about $226,000. Finally, Peavine Capital LLC increased its holdings in shares of Apple by 4.2% in the 3rd quarter. Peavine Capital LLC now owns 7,260 shares of the iPhone maker’s stock worth $1,639,000 after buying an additional 292 shares during the last quarter. Institutional investors own 57.00% of the company’s stock.
In other news, insider Chris Kondo sold 3,408 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the sale, the insider now owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the sale, the director now directly owns 1,134,804 shares in the company, valued at $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.
Several equities analysts recently commented on the stock. Nomura reiterated a “neutral” rating and set a $185.00 price target on shares of Apple in a report on Monday, November 5th. UBS Group reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a report on Monday, January 14th. Sanford C. Bernstein reiterated a “neutral” rating and set a $200.00 price target on shares of Apple in a report on Monday, October 22nd. Goldman Sachs Group reissued a “neutral” rating and issued a $182.00 price objective (down from $209.00) on shares of Apple in a research report on Tuesday, November 20th. Finally, Wedbush initiated coverage on shares of Apple in a research report on Thursday, October 18th. They issued an “outperform” rating and a $310.00 price objective for the company. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and twenty-two have issued a buy rating to the company. Apple has an average rating of “Hold” and a consensus price target of $191.66.
AAPL traded up $0.20 during midday trading on Friday, reaching $170.41. 23,785,836 shares of the company were exchanged, compared to its average volume of 31,230,916. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. The firm has a market capitalization of $837.59 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.75 and a beta of 1.13. Apple Inc. has a one year low of $142.00 and a one year high of $233.47.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The company had revenue of $84.31 billion during the quarter, compared to analyst estimates of $84.07 billion. On average, equities analysts forecast that Apple Inc. will post 11.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Monday, February 11th will be paid a $0.73 dividend. The ex-dividend date is Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.71%. Apple’s payout ratio is currently 24.52%.
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Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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