Apple Inc. (NASDAQ:AAPL) is Cohen Lawrence B’s Largest Position

Cohen Lawrence B cut its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,781 shares of the iPhone maker’s stock after selling 2,574 shares during the quarter. Apple comprises about 9.1% of Cohen Lawrence B’s holdings, making the stock its largest position. Cohen Lawrence B’s holdings in Apple were worth $13,488,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. State Street Corp grew its position in Apple by 0.5% during the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after buying an additional 2,616,084 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Apple by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after purchasing an additional 6,367,053 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Apple by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares in the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Monday, October 9th. UBS Group reiterated a “neutral” rating and issued a $190.00 price objective on shares of Apple in a report on Wednesday, September 27th. Oppenheimer cut their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, October 30th. DA Davidson assumed coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective for the company. Finally, Morgan Stanley upped their price objective on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.14.

Get Our Latest Stock Report on AAPL

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the transaction, the senior vice president now owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the transaction, the senior vice president now owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The disclosure for this sale can be found here. Insiders sold a total of 133,767 shares of company stock valued at $25,248,740 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.6 %

Shares of NASDAQ:AAPL opened at $191.56 on Friday. Apple Inc. has a 52-week low of $134.22 and a 52-week high of $199.62. The firm has a market capitalization of $2.96 trillion, a P/E ratio of 31.30, a P/E/G ratio of 2.52 and a beta of 1.29. The stock has a 50 day moving average price of $190.40 and a 200-day moving average price of $184.35. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The firm had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The business’s revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 15.69%.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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