Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Biechele Royce Advisors

Biechele Royce Advisors decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,917 shares of the iPhone maker’s stock after selling 6,858 shares during the period. Apple makes up approximately 5.9% of Biechele Royce Advisors’ holdings, making the stock its 3rd largest holding. Biechele Royce Advisors’ holdings in Apple were worth $8,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its holdings in shares of Apple by 1.1% in the third quarter. Kistler Tiffany Companies LLC now owns 31,589 shares of the iPhone maker’s stock worth $7,075,000 after buying an additional 331 shares during the period. Iowa State Bank increased its holdings in shares of Apple by 1.5% in the third quarter. Iowa State Bank now owns 37,638 shares of the iPhone maker’s stock worth $8,430,000 after buying an additional 539 shares during the period. SPC Financial Inc. increased its holdings in shares of Apple by 2.6% in the third quarter. SPC Financial Inc. now owns 3,084 shares of the iPhone maker’s stock worth $691,000 after buying an additional 78 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Apple by 1.1% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 51,043 shares of the iPhone maker’s stock worth $11,432,000 after buying an additional 535 shares during the period. Finally, Mechanics Bank Trust Department increased its holdings in shares of Apple by 13.6% in the third quarter. Mechanics Bank Trust Department now owns 53,901 shares of the iPhone maker’s stock worth $12,072,000 after buying an additional 6,458 shares during the period. Institutional investors and hedge funds own 58.65% of the company’s stock.

Apple stock opened at $239.96 on Wednesday. The stock’s 50 day simple moving average is $223.41 and its two-hundred day simple moving average is $205.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The stock has a market cap of $1,084.42 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.08 and a beta of 1.24. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $242.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to analysts’ expectations of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 EPS. On average, analysts predict that Apple Inc. will post 11.68 earnings per share for the current year.

Several research firms have recently commented on AAPL. Piper Jaffray Companies set a $243.00 price objective on Apple and gave the stock a “buy” rating in a report on Tuesday, October 8th. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup lifted their price objective on Apple from $205.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Rosenblatt Securities set a $150.00 price objective on Apple and gave the stock a “sell” rating in a report on Friday, September 13th. Finally, Barclays lifted their price objective on Apple from $207.00 to $224.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $225.00.

In other Apple news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 61,659 shares of Apple stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $228.38, for a total value of $14,081,682.42. Following the sale, the chief financial officer now directly owns 85,507 shares in the company, valued at $19,528,088.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 450,140 shares of company stock worth $95,606,404. 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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