ST Germain D J Co. Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 3rd quarter, Holdings Channel reports. The firm owned 183,410 shares of the iPhone maker’s stock after selling 1,828 shares during the quarter. Apple comprises approximately 4.4% of ST Germain D J Co. Inc.’s holdings, making the stock its 3rd biggest position. ST Germain D J Co. Inc.’s holdings in Apple were worth $41,078,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AAPL. Amundi Pioneer Asset Management Inc. grew its stake in Apple by 4.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock valued at $1,929,054,000 after purchasing an additional 414,856 shares during the last quarter. WT Asset Management Ltd purchased a new position in Apple in the first quarter valued at about $35,342,000. Centaurus Financial Inc. grew its stake in Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after purchasing an additional 1,262 shares during the last quarter. Bath Savings Trust Co grew its stake in Apple by 0.9% in the second quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock valued at $22,354,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Thomasville National Bank grew its stake in Apple by 1.0% in the second quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock valued at $21,392,000 after purchasing an additional 1,036 shares during the last quarter. 58.65% of the stock is owned by institutional investors.

In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the completion of the transaction, the director now directly owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 12,459 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total value of $2,915,904.36. Following the completion of the transaction, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 450,140 shares of company stock worth $95,606,404. 0.05% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Apple from $207.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup boosted their price target on Apple from $205.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BidaskClub upgraded Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Cascend Securities boosted their price target on Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $265.00 price target (up previously from $245.00) on shares of Apple in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $223.65.

NASDAQ AAPL traded up $1.13 during trading hours on Friday, reaching $236.41. The stock had a trading volume of 21,772,221 shares, compared to its average volume of 28,664,976. The stock has a fifty day moving average of $220.99 and a 200 day moving average of $204.27. The stock has a market cap of $1,063.27 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. Apple Inc. has a 52-week low of $142.00 and a 52-week high of $238.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. The firm had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. Apple’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 11.68 EPS for the current year.

Apple 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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