Apple Inc. (NASDAQ:AAPL) is Matrix Asset Advisors Inc. NY’s 4th Largest Position

Matrix Asset Advisors Inc. NY raised its holdings in Apple Inc. (NASDAQ:AAPL) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,607 shares of the iPhone maker’s stock after purchasing an additional 2,178 shares during the period. Apple accounts for approximately 3.6% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 4th largest holding. Matrix Asset Advisors Inc. NY’s holdings in Apple were worth $32,761,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Swedbank AB purchased a new stake in Apple in the 1st quarter valued at approximately $3,026,492,000. Strategic Financial Concepts LLC increased its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after buying an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC increased its position in Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after buying an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Apple during the second quarter worth $834,368,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and raised their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Apple in a report on Friday. Evercore ISI reiterated a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Finally, Melius Research restated a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.68.

Apple Stock Up 1.0 %

NASDAQ:AAPL opened at $237.33 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $229.02 and a 200-day moving average of $220.02. The firm has a market capitalization of $3.59 trillion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.81.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. Analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

About Apple

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.