Apple Inc. $AAPL is Chelsea Counsel Co.'s Largest Position

Chelsea Counsel Co. lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,476 shares of the iPhone maker's stock after selling 3,186 shares during the period. Apple makes up approximately 11.0% of Chelsea Counsel Co.'s portfolio, making the stock its largest position. Chelsea Counsel Co.'s holdings in Apple were worth $20,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new position in Apple in the 4th quarter valued at approximately $46,868,648,000. Nuveen LLC purchased a new position in Apple in the 1st quarter valued at approximately $17,472,482,000. GAMMA Investing LLC boosted its position in Apple by 25,934.1% in the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock valued at $133,425,490,000 after buying an additional 59,835,676 shares during the period. Vanguard Group Inc. boosted its position in Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock valued at $349,532,608,000 after buying an additional 49,168,843 shares during the period. Finally, Northern Trust Corp boosted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 1.8%

NASDAQ AAPL opened at $234.07 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market cap of $3.47 trillion, a PE ratio of 35.52, a P/E/G ratio of 2.43 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The firm's fifty day moving average is $221.50 and its two-hundred day moving average is $212.02.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple's payout ratio is currently 15.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on AAPL shares. Evercore ISI increased their target price on Apple from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Citigroup restated a "buy" rating on shares of Apple in a research note on Wednesday. Barclays raised their price target on Apple from $173.00 to $180.00 and gave the company an "underweight" rating in a research note on Friday, August 1st. Moffett Nathanson upgraded Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target on the stock in a research note on Thursday, September 4th. Finally, BMO Capital Markets restated a "buy" rating on shares of Apple in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $240.80.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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.

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