Arlington Partners LLC Purchases 2,398 Shares of Apple Inc. (NASDAQ:AAPL)

Arlington Partners LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 15.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,663 shares of the iPhone maker’s stock after buying an additional 2,398 shares during the quarter. Arlington Partners LLC’s holdings in Apple were worth $4,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AAPL. China Universal Asset Management Co. Ltd. raised its stake in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Capital International Ltd. CA raised its stake in shares of Apple by 47.0% during the 1st quarter. Capital International Ltd. CA now owns 108,711 shares of the iPhone maker’s stock worth $18,642,000 after purchasing an additional 34,744 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Apple by 3.0% during the 1st quarter. Toronto Dominion Bank now owns 10,470,555 shares of the iPhone maker’s stock worth $1,795,491,000 after purchasing an additional 302,482 shares in the last quarter. Capital International Sarl raised its stake in shares of Apple by 22.6% during the 1st quarter. Capital International Sarl now owns 195,471 shares of the iPhone maker’s stock worth $33,519,000 after purchasing an additional 36,019 shares in the last quarter. Finally, JT Stratford LLC raised its stake in shares of Apple by 3.2% during the 1st quarter. JT Stratford LLC now owns 49,725 shares of the iPhone maker’s stock worth $8,527,000 after purchasing an additional 1,561 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.1 %

Apple stock opened at $248.13 on Monday. The firm has a market cap of $3.75 trillion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.23. The stock has a fifty day simple moving average of $232.50 and a two-hundred day simple moving average of $223.88. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $250.80. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a report on Tuesday, December 10th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and boosted their target price for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Loop Capital decreased their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.