Birch Hill Investment Advisors LLC Has $93.55 Million Stock Holdings in Apple Inc. $AAPL

Birch Hill Investment Advisors LLC grew its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 367,388 shares of the iPhone maker’s stock after purchasing an additional 9,687 shares during the period. Apple makes up approximately 4.0% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 5th largest position. Birch Hill Investment Advisors LLC’s holdings in Apple were worth $93,548,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AAPL. Independent Solutions Wealth Management LLC raised its position in Apple by 3.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 82,862 shares of the iPhone maker’s stock valued at $21,099,000 after buying an additional 2,442 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Apple by 20.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 961,238 shares of the iPhone maker’s stock worth $244,791,000 after acquiring an additional 163,396 shares during the last quarter. United Asset Strategies Inc. grew its stake in shares of Apple by 1.4% in the 3rd quarter. United Asset Strategies Inc. now owns 228,650 shares of the iPhone maker’s stock worth $58,221,000 after acquiring an additional 3,128 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Apple by 1.4% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 17,434 shares of the iPhone maker’s stock valued at $4,439,000 after purchasing an additional 239 shares during the last quarter. Finally, RWQ Financial Management Services Inc. raised its holdings in shares of Apple by 5,388.0% in the third quarter. RWQ Financial Management Services Inc. now owns 104,326 shares of the iPhone maker’s stock valued at $26,565,000 after purchasing an additional 102,425 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 3,752 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the transaction, the insider owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus set a $325.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Friday, October 31st. Jefferies Financial Group set a $276.47 target price on Apple and gave the stock a “hold” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, December 3rd. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on Apple from $305.00 to $315.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $282.80.

Read Our Latest Analysis on Apple

Apple Stock Performance

NASDAQ:AAPL opened at $256.44 on Thursday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The business has a fifty day simple moving average of $268.78 and a two-hundred day simple moving average of $251.02. The company has a market capitalization of $3.77 trillion, a P/E ratio of 34.33, a P/E/G ratio of 2.40 and a beta of 1.09.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Key Headlines Impacting Apple

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Apple Company 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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