Apple Inc. (NASDAQ:AAPL) Position Decreased by Boston Family Office LLC

Boston Family Office LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,128 shares of the iPhone maker’s stock after selling 6,275 shares during the quarter. Apple makes up about 5.0% of Boston Family Office LLC’s investment portfolio, making the stock its largest position. Boston Family Office LLC’s holdings in Apple were worth $74,357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AAPL. Bull Oak Capital LLC grew its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. ARK Investment Management LLC bought a new position in Apple during the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. grew its position in Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Down 0.7 %

Apple stock opened at $236.00 on Monday. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.39 and a beta of 1.20. The stock has a fifty day simple moving average of $241.68 and a two-hundred day simple moving average of $230.84. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. 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, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. Equities analysts predict that Apple Inc. will post 7.34 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s payout ratio is 16.45%.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction 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 completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $211.84 to $200.75 in a research report on Thursday. Citigroup increased their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Evercore ISI increased their price objective on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Apple 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.