Burns J W & Co. Inc. NY Has $73.03 Million Stake in Apple Inc. (NASDAQ:AAPL)

Burns J W & Co. Inc. NY lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,727 shares of the iPhone maker’s stock after selling 213 shares during the quarter. Apple accounts for 9.9% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its largest position. Burns J W & Co. Inc. NY’s holdings in Apple were worth $73,028,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc bought a new position in shares of Apple during the 1st quarter worth $35,000. Fidelis Capital Partners LLC grew its stake in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple during the 4th quarter worth $39,000. University of Texas Texas AM Investment Managment Co. grew its stake in shares of Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new stake in Apple during the 4th quarter worth about $85,000. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price objective on shares of Apple in a report on Tuesday, September 10th. KeyCorp reissued a “hold” rating and set a $247.61 price objective on shares of Apple in a report on Wednesday, August 28th. Melius Research reissued a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Finally, Evercore ISI reissued an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.17.

Apple Price Performance

AAPL opened at $226.47 on Tuesday. The stock’s 50 day simple moving average is $222.25 and its 200 day simple moving average is $200.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same period last year, the company earned $1.26 EPS. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by 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.