Court Place Advisors LLC Has $1.41 Million Stake in Apple Inc. (AAPL)

Court Place Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.9% during the 4th quarter, HoldingsChannel reports. The fund owned 8,937 shares of the iPhone maker’s stock after selling 173 shares during the quarter. Court Place Advisors LLC’s holdings in Apple were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of AAPL. New Potomac Partners LLC boosted its holdings in Apple by 0.5% during the fourth quarter. New Potomac Partners LLC now owns 14,501 shares of the iPhone maker’s stock worth $2,287,000 after buying an additional 70 shares in the last quarter. Connecticut Wealth Management LLC raised its position in Apple by 1.0% during the fourth quarter. Connecticut Wealth Management LLC now owns 7,209 shares of the iPhone maker’s stock worth $1,137,000 after acquiring an additional 70 shares during the last quarter. Beacon Wealthcare Inc raised its position in Apple by 5.0% during the fourth quarter. Beacon Wealthcare Inc now owns 1,502 shares of the iPhone maker’s stock worth $237,000 after acquiring an additional 71 shares during the last quarter. Mitchell Sinkler & Starr PA raised its position in Apple by 1.1% during the fourth quarter. Mitchell Sinkler & Starr PA now owns 8,271 shares of the iPhone maker’s stock worth $1,305,000 after acquiring an additional 90 shares during the last quarter. Finally, Cox Capital Mgt LLC raised its position in Apple by 0.7% during the fourth quarter. Cox Capital Mgt LLC now owns 12,412 shares of the iPhone maker’s stock worth $1,895,000 after acquiring an additional 91 shares during the last quarter. 57.36% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Luca Maestri sold 51,138 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the completion of the transaction, the insider now owns 27,448 shares of the company’s stock, valued at $5,396,551.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 56,411 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $210.36, for a total transaction of $11,866,617.96. Following the transaction, the chief operating officer now directly owns 151,187 shares of the company’s stock, valued at approximately $31,803,697.32. The disclosure for this sale can be found here. Insiders have sold 142,549 shares of company stock valued at $29,300,960 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Shares of AAPL stock opened at $186.60 on Wednesday. Apple Inc. has a one year low of $142.00 and a one year high of $233.47. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a market cap of $928.96 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.60 and a beta of 1.14.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, April 30th. The iPhone maker reported $2.46 EPS for the quarter, topping the consensus estimate of $2.37 by $0.09. Apple had a net margin of 22.12% and a return on equity of 51.29%. The firm had revenue of $58.02 billion during the quarter, compared to analyst estimates of $57.40 billion. During the same quarter in the prior year, the business posted $2.73 earnings per share. Apple’s revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 11.48 EPS for the current year.

Apple declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 30th that authorizes the company to buyback $75.00 billion in shares. This buyback authorization authorizes the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.77 per share. This is a positive change from Apple’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, May 10th. This represents a $3.08 annualized dividend and a yield of 1.65%. Apple’s dividend payout ratio is 25.86%.

A number of equities analysts have issued reports on AAPL shares. UBS Group lifted their target price on shares of Apple from $180.00 to $185.00 in a research report on Wednesday, January 30th. DA Davidson cut their target price on shares of Apple to $245.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Citigroup restated a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Wednesday, January 30th. Canaccord Genuity cut their target price on shares of Apple from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Finally, Monness Crespi & Hardt lifted their target price on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $211.25.

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Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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