Daniels&Tansey LLP Boosts Stock Position in Apple Inc. (NASDAQ:AAPL)

Daniels&Tansey LLP grew its holdings in Apple Inc. (NASDAQ:AAPL) by 7.0% in the third quarter, Holdings Channel reports. The institutional investor owned 3,798 shares of the iPhone maker’s stock after acquiring an additional 250 shares during the quarter. Apple accounts for 0.2% of Daniels&Tansey LLP’s holdings, making the stock its 22nd largest holding. Daniels&Tansey LLP’s holdings in Apple were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of AAPL. Amundi purchased a new stake in shares of Apple in the second quarter valued at approximately $5,528,240,000. Vanguard Group Inc. increased its position in shares of Apple by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,264,936,543 shares of the iPhone maker’s stock valued at $173,245,709,000 after buying an additional 25,553,808 shares in the last quarter. Liberty Wealth Management LLC increased its position in shares of Apple by 13,998.4% during the second quarter. Liberty Wealth Management LLC now owns 25,320,849 shares of the iPhone maker’s stock worth $184,697,000 after purchasing an additional 25,141,248 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Apple by 97.9% during the third quarter. Nordea Investment Management AB now owns 36,546,345 shares of the iPhone maker’s stock worth $5,239,285,000 after purchasing an additional 18,074,896 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Apple by 515.0% during the second quarter. Macquarie Group Ltd. now owns 15,285,356 shares of the iPhone maker’s stock worth $2,093,483,000 after purchasing an additional 12,799,829 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.

In other Apple news, insider Chris Kondo sold 9,005 shares of the company’s stock in a transaction dated Friday, November 12th. The stock was sold at an average price of $150.00, for a total transaction of $1,350,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 165,829 shares of the company’s stock in a transaction dated Tuesday, October 19th. The stock was sold at an average price of $148.62, for a total value of $24,645,505.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,081 shares of company stock worth $32,383,704. 0.06% of the stock is owned by company insiders.

Several brokerages recently commented on AAPL. Wedbush upgraded Apple to an “outperform” rating and boosted their price target for the stock from $185.00 to $200.00 in a research report on Thursday, December 2nd. DA Davidson boosted their price target on Apple from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, October 19th. Robert W. Baird reiterated a “buy” rating and set a $169.00 price target on shares of Apple in a research report on Friday, October 29th. Tigress Financial boosted their price target on Apple from $182.00 to $198.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 22nd. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research report on Monday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $176.74.

AAPL opened at $173.07 on Friday. The stock’s 50-day moving average price is $167.84 and its 200 day moving average price is $154.11. Apple Inc. has a 12-month low of $116.21 and a 12-month high of $182.94. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.73. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24. Apple had a return on equity of 144.13% and a net margin of 25.88%. The firm had revenue of $83.40 billion for the quarter, compared to analyst estimates of $84.94 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Apple’s revenue was up 28.9% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 5.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, November 5th. This represents a $0.88 annualized dividend and a yield of 0.51%. Apple’s dividend payout ratio (DPR) is 15.66%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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