Apple Inc. (NASDAQ:AAPL) Shares Purchased by Broderick Brian C

Broderick Brian C increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,851 shares of the iPhone maker’s stock after purchasing an additional 879 shares during the quarter. Apple accounts for about 3.8% of Broderick Brian C’s investment portfolio, making the stock its 2nd largest holding. Broderick Brian C’s holdings in Apple were worth $10,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. grew its position in 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 acquiring an additional 1,203,705 shares in the last quarter. Morgan Stanley grew its position in 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 acquiring an additional 1,996,126 shares in the last quarter. Nuveen Asset Management LLC grew its position in 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 acquiring an additional 34,707,634 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 161,912 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in 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 acquiring an additional 302,917 shares in the last quarter. 59.62% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Jeffrey E. Williams sold 67,554 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $219.04, for a total transaction of $14,797,028.16. Following the transaction, the chief operating officer now directly owns 237,517 shares in the company, valued at $52,025,723.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. Insiders have sold 448,158 shares of company stock worth $97,019,630 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Several brokerages have issued reports on AAPL. Citigroup increased their price objective on shares of Apple from $205.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on shares of Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Raymond James reaffirmed an “outperform” rating and issued a $280.00 price objective (up previously from $250.00) on shares of Apple in a research report on Monday, October 21st. Sanford C. Bernstein set a $205.00 price objective on shares of Apple and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, Zacks Investment Research downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $248.00 price objective for the company. in a research report on Monday, October 14th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $242.38.

Shares of AAPL opened at $262.64 on Friday. The business’s fifty day moving average price is $239.73 and its 200 day moving average price is $210.93. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $264.88. The stock has a market capitalization of $1,165.02 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.54 and a quick ratio of 1.50.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.

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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