Apple Inc. (NASDAQ:AAPL) Stock Holdings Lifted by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,444 shares of the iPhone maker’s stock after buying an additional 430 shares during the period. Apple comprises about 12.1% of Bourne Lent Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Bourne Lent Asset Management Inc.’s holdings in Apple were worth $31,791,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Acorn Creek Capital LLC boosted its holdings in shares of Apple by 4.7% during the third quarter. Acorn Creek Capital LLC now owns 18,024 shares of the iPhone maker’s stock worth $4,200,000 after purchasing an additional 804 shares during the period. EdgeRock Capital LLC purchased a new position in Apple during the 3rd quarter valued at about $6,297,000. ERn Financial LLC raised its position in Apple by 2.9% during the 3rd quarter. ERn Financial LLC now owns 42,986 shares of the iPhone maker’s stock valued at $10,016,000 after purchasing an additional 1,220 shares during the last quarter. Brady Family Wealth LLC lifted its holdings in Apple by 1.1% in the 3rd quarter. Brady Family Wealth LLC now owns 113,124 shares of the iPhone maker’s stock worth $26,358,000 after buying an additional 1,177 shares during the period. Finally, Crane Advisory LLC grew its position in shares of Apple by 369.0% in the 3rd quarter. Crane Advisory LLC now owns 78,471 shares of the iPhone maker’s stock worth $17,716,000 after buying an additional 61,738 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. Rosenblatt Securities upped their target price on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group upped their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, November 1st. Piper Sandler reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.68.

Apple Trading Down 0.1 %

Shares of NASDAQ:AAPL opened at $242.84 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $244.63. The company has a market cap of $3.67 trillion, a P/E ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23. The stock’s fifty day moving average price is $230.23 and its 200-day moving average price is $221.05.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the prior year, the business earned $1.46 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

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