Apple Inc. $AAPL Shares Purchased by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. raised its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 104.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,592 shares of the iPhone maker’s stock after purchasing an additional 8,466 shares during the quarter. Apple makes up about 3.0% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 4th largest position. M.E. Allison & CO. Inc.’s holdings in Apple were worth $4,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Carr Financial Group Corp grew its holdings in shares of Apple by 5.5% during the third quarter. Carr Financial Group Corp now owns 20,050 shares of the iPhone maker’s stock worth $5,105,000 after purchasing an additional 1,038 shares during the last quarter. Quantum Financial Advisors LLC lifted its position in Apple by 20.2% during the 3rd quarter. Quantum Financial Advisors LLC now owns 82,793 shares of the iPhone maker’s stock worth $21,082,000 after buying an additional 13,910 shares in the last quarter. Baron Financial Group LLC lifted its position in Apple by 29.9% during the 3rd quarter. Baron Financial Group LLC now owns 7,422 shares of the iPhone maker’s stock worth $1,890,000 after buying an additional 1,707 shares in the last quarter. Beacon Financial Group grew its holdings in Apple by 3.3% during the 3rd quarter. Beacon Financial Group now owns 45,478 shares of the iPhone maker’s stock worth $11,580,000 after acquiring an additional 1,454 shares during the last quarter. Finally, TCP Asset Management LLC increased its position in Apple by 9.1% in the 3rd quarter. TCP Asset Management LLC now owns 9,630 shares of the iPhone maker’s stock valued at $2,452,000 after acquiring an additional 803 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 228,052 shares of company stock valued at $58,604,588. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AAPL shares. TD Cowen upped their target price on shares of Apple from $275.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Rosenblatt Securities upped their price objective on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Tigress Financial increased their price objective on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

Check Out Our Latest Research Report on Apple

Apple Price Performance

Shares of AAPL stock opened at $273.67 on Monday. The firm’s 50 day moving average price is $270.16 and its two-hundred day moving average price is $239.82. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The stock has a market cap of $4.04 trillion, a PE ratio of 36.64, a PEG ratio of 2.56 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results 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. Apple had a return on equity of 164.05% and a net margin of 26.92%.The company had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the prior year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders 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 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio is presently 13.92%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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