Trade Report: The Baystate Wealth Management LLC invests in Apple Inc. (AAPL) Shares

The Baystate Wealth Management LLC invests in Apple Inc. (AAPL) Shares

Baystate Wealth Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,500 shares of the iPhone maker’s stock after buying an additional 757 shares during the period. Apple accounts for approximately 0.2% of Baystate Wealth Management LLC’s holdings, making the stock its 24th largest position. Baystate Wealth Management LLC’s holdings in Apple were worth $848,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AAPL. Penserra Capital Management LLC boosted its position in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares during the period. Delphi Private Advisors LLC boosted its position in shares of Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock worth $140,000 after buying an additional 69 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Apple during the second quarter worth about $143,000. Roble Belko & Company Inc boosted its position in shares of Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock worth $172,000 after buying an additional 680 shares during the period. Finally, Smith Affiliated Capital Corp. boosted its position in shares of Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock worth $185,000 after buying an additional 1,185 shares during the period. 56.81% of the stock is owned by hedge funds and other institutional investors.

Apple Inc. (NASDAQ:AAPL) traded up 0.50% during trading on Friday, hitting $111.79. The stock had a trading volume of 11,475,922 shares. The firm’s 50 day moving average is $113.06 and its 200 day moving average is $105.31. The firm has a market cap of $596.10 billion, a price-to-earnings ratio of 13.45 and a beta of 1.34. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $119.86.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $46.85 billion for the quarter, compared to analysts’ expectations of $46.88 billion. Apple had a return on equity of 35.59% and a net margin of 21.19%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. On average, analysts anticipate that Apple Inc. will post $9.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 3rd. Apple’s payout ratio is 27.57%.

A number of analysts have weighed in on AAPL shares. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Apple in a research note on Thursday, August 11th. Zacks Investment Research lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Thursday, August 11th. RBC Capital Markets reiterated an “outperform” rating and issued a $117.00 price target (up from $115.00) on shares of Apple in a research note on Thursday, August 11th. Finally, Vetr lowered shares of Apple from a “hold” rating to a “sell” rating and set a $105.47 price target for the company. in a research note on Monday, August 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $128.29.

In related news, CEO Timothy D. Cook sold 49,883 shares of Apple stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $106.19, for a total value of $5,297,075.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 110,000 shares of Apple stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $105.95, for a total value of $11,654,500.00. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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