Birch Hill Investment Advisors LLC Has $72.19 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Birch Hill Investment Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 342,729 shares of the iPhone maker’s stock after purchasing an additional 1,336 shares during the period. Apple accounts for approximately 3.5% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 9th biggest position. Birch Hill Investment Advisors LLC’s holdings in Apple were worth $72,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. MayTech Global Investments LLC boosted its position in shares of Apple by 3.7% in the 4th quarter. MayTech Global Investments LLC now owns 166,262 shares of the iPhone maker’s stock valued at $32,010,000 after purchasing an additional 5,980 shares during the period. Cohen & Steers Inc. raised its holdings in shares of Apple by 6.8% during the fourth quarter. Cohen & Steers Inc. now owns 12,033 shares of the iPhone maker’s stock valued at $2,317,000 after acquiring an additional 763 shares during the period. Coatue Management LLC purchased a new stake in shares of Apple in the 4th quarter valued at approximately $470,614,000. Clear Street Markets LLC lifted its position in shares of Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after acquiring an additional 83,965 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in Apple by 553.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 48,608 shares of the iPhone maker’s stock worth $9,358,000 after purchasing an additional 41,169 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $229.04 on Friday. The firm’s 50 day moving average price is $223.25 and its two-hundred day moving average price is $205.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The stock has a market cap of $3.51 trillion, a PE ratio of 35.62, a PEG ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. Cfra upped their price target on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Maxim Group reiterated a “hold” rating and issued a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and upped their price objective for the company from $205.00 to $212.92 in a research note on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Company Profile

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.