Apple Inc. $AAPL is Montag A & Associates Inc.'s 3rd Largest Position

Montag A & Associates Inc. lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 310,595 shares of the iPhone maker's stock after selling 2,389 shares during the period. Apple comprises about 3.5% of Montag A & Associates Inc.'s portfolio, making the stock its 3rd biggest holding. Montag A & Associates Inc.'s holdings in Apple were worth $68,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Burkett Financial Services LLC boosted its position in shares of Apple by 0.6% during the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker's stock valued at $3,199,000 after purchasing an additional 93 shares in the last quarter. Avid Wealth Partners LLC boosted its position in shares of Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker's stock valued at $935,000 after purchasing an additional 930 shares in the last quarter. OneAscent Wealth Management LLC boosted its position in shares of Apple by 4.6% during the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker's stock valued at $2,337,000 after purchasing an additional 409 shares in the last quarter. TruWealth Advisors LLC boosted its position in shares of Apple by 2.8% during the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker's stock valued at $42,045,000 after purchasing an additional 5,120 shares in the last quarter. Finally, Allstate Corp boosted its position in shares of Apple by 3,368.2% during the 4th quarter. Allstate Corp now owns 451,489 shares of the iPhone maker's stock valued at $113,062,000 after purchasing an additional 438,471 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Down 0.3%

NASDAQ:AAPL traded down $0.67 on Thursday, hitting $237.81. The stock had a trading volume of 23,367,216 shares, compared to its average volume of 56,619,613. The business's fifty day moving average is $217.73 and its 200 day moving average is $212.92. The company has a market cap of $3.53 trillion, a PE ratio of 36.11, a P/E/G ratio of 2.42 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

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

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAPL. Rosenblatt Securities restated a "neutral" rating and set a $217.00 target price on shares of Apple in a research report on Tuesday, July 29th. UBS Group upped their target price on Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Friday, July 25th. Evercore ISI restated an "outperform" rating and set a $250.00 target price on shares of Apple in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $266.00 target price on shares of Apple in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $239.05.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Apple Company 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.