Apple Inc. (NASDAQ:AAPL) Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,586 shares of the iPhone maker’s stock after purchasing an additional 47 shares during the period. Apple makes up approximately 8.7% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its biggest position. Cornell Pochily Investment Advisors Inc.’s holdings in Apple were worth $25,068,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Swedbank AB acquired a new position in shares of Apple during the first quarter worth $3,026,492,000. Strategic Financial Concepts LLC increased its holdings in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after buying an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after buying an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Apple during the second quarter worth $834,368,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the topic of several analyst reports. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley reissued an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Monday, November 25th. Tigress Financial boosted their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Moffett Nathanson reduced their price objective on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.68.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

NASDAQ:AAPL opened at $243.01 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $244.11. The firm has a 50-day moving average price of $229.92 and a two-hundred day moving average price of $220.90.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

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.