Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $18.90 Million Stock Position in Apple Inc. $AAPL

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 92,131 shares of the iPhone maker’s stock after acquiring an additional 663 shares during the period. Apple makes up 2.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 5th largest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Apple were worth $18,902,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ryan Investment Management Inc. purchased a new stake in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC lifted its holdings in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares in the last quarter. Elite Financial Inc. bought a new position in Apple in the 1st quarter worth about $58,000. Finally, LSV Asset Management purchased a new position in Apple during the 4th quarter valued at about $65,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a report on Thursday, September 11th. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Tigress Financial boosted their target price on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Citigroup reaffirmed a “buy” rating and issued a $315.00 price target (up previously from $245.00) on shares of Apple in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL opened at $283.10 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $4.18 trillion, a P/E ratio of 42.96, a PEG ratio of 2.62 and a beta of 1.09. The stock has a 50-day moving average price of $263.81 and a 200-day moving average price of $232.37. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $283.42.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

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.