Boston Private Wealth LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 680,375 shares of the iPhone maker’s stock after selling 28,516 shares during the quarter. Apple comprises 3.0% of Boston Private Wealth LLC’s portfolio, making the stock its 6th biggest holding. Boston Private Wealth LLC’s holdings in Apple were worth $152,384,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Apple by 2.6% in the second quarter. Invesco Ltd. now owns 46,879,136 shares of the iPhone maker’s stock valued at $9,278,319,000 after buying an additional 1,203,705 shares during the period. Morgan Stanley lifted its stake in shares of Apple by 5.8% in the second quarter. Morgan Stanley now owns 36,261,306 shares of the iPhone maker’s stock valued at $7,176,836,000 after buying an additional 1,996,126 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Apple by 2,874.9% in the second quarter. Nuveen Asset Management LLC now owns 35,914,893 shares of the iPhone maker’s stock valued at $7,108,275,000 after buying an additional 34,707,634 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Apple by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 20,240,790 shares of the iPhone maker’s stock valued at $4,006,058,000 after buying an additional 161,912 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Apple by 2.2% in the third quarter. Fisher Asset Management LLC now owns 14,041,509 shares of the iPhone maker’s stock valued at $3,144,877,000 after buying an additional 302,917 shares during the period. 59.62% of the stock is currently owned by institutional investors.

NASDAQ AAPL opened at $264.47 on Thursday. The firm has a market cap of $1,155.87 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.85 and a beta of 1.25. The company has a 50 day moving average of $238.83 and a 200-day moving average of $210.64. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $264.78.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.19. The company had revenue of $64.04 billion during the quarter, compared to analyst estimates of $62.86 billion. Apple had a net margin of 21.24% and a return on equity of 53.82%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. On average, analysts forecast that Apple Inc. will post 13.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 7th. Apple’s payout ratio is 25.90%.

AAPL has been the subject of several research reports. Needham & Company LLC increased their target price on shares of Apple to $280.00 and gave the company an “average” rating in a research note on Thursday, October 31st. DZ Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price target on shares of Apple from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Monness Crespi & Hardt raised their price target on shares of Apple from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Co raised their price target on shares of Apple from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Apple has a consensus rating of “Hold” and an average target price of $242.49.

In related news, insider Chris Kondo sold 3,932 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total value of $917,178.32. Following the completion of the sale, the insider now owns 15,464 shares of the company’s stock, valued at $3,607,132.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,158 shares of company stock valued at $97,019,630. Company insiders own 0.05% of the company’s stock.

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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