Berkeley Capital Partners LLC Lowers Stake in Apple Inc. (NASDAQ:AAPL)

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Berkeley Capital Partners LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,467 shares of the iPhone maker’s stock after selling 203 shares during the period. Apple makes up 1.1% of Berkeley Capital Partners LLC’s portfolio, making the stock its 14th biggest position. Berkeley Capital Partners LLC’s holdings in Apple were worth $2,120,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in shares of Apple by 3.1% in the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock worth $365,000 after acquiring an additional 49 shares in the last quarter. Roanoke Asset Management Corp NY lifted its stake in shares of Apple by 1.1% in the second quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock worth $873,000 after acquiring an additional 50 shares in the last quarter. Marquette Asset Management LLC lifted its stake in shares of Apple by 1.4% in the third quarter. Marquette Asset Management LLC now owns 3,556 shares of the iPhone maker’s stock worth $796,000 after acquiring an additional 50 shares in the last quarter. Cohen Capital Management Inc. lifted its stake in shares of Apple by 2.1% in the third quarter. Cohen Capital Management Inc. now owns 2,458 shares of the iPhone maker’s stock worth $551,000 after acquiring an additional 50 shares in the last quarter. Finally, Guardian Life Insurance Co. of America lifted its stake in shares of Apple by 0.4% in the second quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock worth $2,567,000 after acquiring an additional 51 shares in the last quarter. 59.62% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Arthur D. Levinson sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the completion of the transaction, the director now directly owns 1,170,677 shares of the company’s stock, valued at $301,788,823.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. Insiders have sold 448,158 shares of company stock valued at $97,019,630 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Several research analysts recently commented on AAPL shares. Royal Bank of Canada set a $295.00 price target on Apple and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub upgraded Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Monness Crespi & Hardt boosted their price target on Apple from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Macquarie set a $210.00 price target on Apple and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, Barclays upped their price objective on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $242.49.

NASDAQ:AAPL opened at $264.47 on Thursday. The firm has a market capitalization of $1,155.87 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a 50 day moving average of $238.83 and a 200-day moving average of $210.64. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $264.78. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.

Apple (NASDAQ:AAPL) last posted its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.19. The company had revenue of $64.04 billion during the quarter, compared to analyst estimates of $62.86 billion. Apple had a return on equity of 53.82% and a net margin of 21.24%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.91 earnings per share. As a group, analysts predict that Apple Inc. will post 13.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, November 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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