Coldstream Capital Management Inc. Increases Position in Apple Inc. (NASDAQ:AAPL)

Coldstream Capital Management Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 11.7% during the third quarter, HoldingsChannel.com reports. The firm owned 480,563 shares of the iPhone maker’s stock after purchasing an additional 50,315 shares during the period. Apple accounts for 2.4% of Coldstream Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Coldstream Capital Management Inc.’s holdings in Apple were worth $111,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Bull Oak Capital LLC increased its holdings in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc increased its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple during the third quarter worth $110,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their target price on shares of Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Sanford C. Bernstein boosted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Raymond James upped their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Trading Up 2.0 %

AAPL opened at $241.53 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a 50-day simple moving average of $240.70 and a 200 day simple moving average of $231.34. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio is 15.87%.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction 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. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.