1 week Ago By ABMN Staff
Murphy Pohlad Asset Management LLC decreased its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 16,949 shares of the iPhone maker’s stock after selling 689 shares during the period. Apple comprises approximately 1.6% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 18th largest holding.
Murphy Pohlad Asset Management LLC’s holdings in Apple were worth $3,949,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of the company. Americana Partners LLC boosted its stake in Apple by 8.
8% in the 3rd quarter. Americana Partners LLC now owns 186,062 shares of the iPhone maker’s stock valued at $43,353,000 after buying an additional 15,079 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in Apple by 10.
8% in the third quarter. Gladstone Institutional Advisory LLC now owns 238,905 shares of the iPhone maker’s stock valued at $55,665,000 after buying an additional 23,344 shares in the last quarter. Shepherd Financial Partners LLC grew its stake in Apple by 2.
1% during the third quarter. Shepherd Financial Partners LLC now owns 121,519 shares of the iPhone maker’s stock worth $28,314,000 after buying an additional 2,492 shares during the last quarter. Fonville Wealth Management LLC increased its holdings in shares of Apple by 7.
3% during the third quarter. Fonville Wealth Management LLC now owns 23,475 shares of the iPhone maker’s stock worth $5,470,000 after buying an additional 1,591 shares in the last quarter. Finally, W Advisors LLC raised its stake in shares of Apple by 0.
5% in the third quarter. W Advisors LLC now owns 38,336 shares of the iPhone maker’s stock valued at $8,932,000 after acquiring an additional 185 shares during the last quarter. 67.
73% of the stock is currently owned by institutional investors and hedge funds. Apple Stock Performance AAPL opened at $243.36 on Friday.
The company has a market capitalization of $3.68 trillion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 2.
41 and a beta of 1.20. The business’s 50-day moving average price is $238.
68 and its two-hundred day moving average price is $228.69. Apple Inc.
has a 1 year low of $164.07 and a 1 year high of $260.10.
The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.
83. Apple Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.
25 per share. This represents a $1.00 annualized dividend and a yield of 0.
41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.
45%. Insider Activity at Apple In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.
87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.
53. This trade represents a 21.13 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th.
The stock was sold at an average price of $249.97, for a total value of $24,997,000.00.
Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.
41 % decrease in their position. The disclosure for this sale can be found here . 0.
06% of the stock is owned by insiders. Wall Street Analyst Weigh In AAPL has been the topic of several research analyst reports. Monness Crespi & Hardt restated a “buy” rating and set a $245.
00 target price on shares of Apple in a report on Monday, September 9th. Sanford C. Bernstein raised their price objective on shares of Apple from $240.
00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Barclays reduced their target price on shares of Apple from $186.
00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer reissued a “buy” rating and issued a $250.
00 price target on shares of Apple in a report on Tuesday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Tuesday, December 10th.
Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.03.
Read Our Latest Research Report on AAPL Apple Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Apple Inc. ( NASDAQ:AAPL – Free Report ). Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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