GFS Advisors LLC Has $23.65 Million Position in Apple Inc. (NASDAQ:AAPL)

GFS Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,595 shares of the iPhone maker’s stock after buying an additional 2,557 shares during the period. Apple comprises approximately 6.6% of GFS Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. GFS Advisors LLC’s holdings in Apple were worth $23,650,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAPL. Monument Capital Management lifted its position in shares of Apple by 2.2% in the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after acquiring an additional 53 shares in the last quarter. Trinity Legacy Partners LLC lifted its position in shares of Apple by 66.8% in the 2nd quarter. Trinity Legacy Partners LLC now owns 18,789 shares of the iPhone maker’s stock valued at $3,776,000 after acquiring an additional 7,523 shares in the last quarter. Pictet North America Advisors SA lifted its position in shares of Apple by 3.3% in the 2nd quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock valued at $25,932,000 after acquiring an additional 4,170 shares in the last quarter. Capital Bank & Trust Co lifted its position in shares of Apple by 0.4% in the 2nd quarter. Capital Bank & Trust Co now owns 621,074 shares of the iPhone maker’s stock valued at $122,994,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Rockland Trust Co. lifted its position in shares of Apple by 4.8% in the 2nd quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after acquiring an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.

In other news, insider Chris Kondo sold 3,932 shares of Apple stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total transaction of $917,178.32. Following the sale, the insider now directly owns 15,464 shares in the company, valued at approximately $3,607,132.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the sale, the director now owns 1,150,783 shares in the company, valued at $232,101,423.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 465,658 shares of company stock worth $100,549,205. 0.05% of the stock is owned by company insiders.

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AAPL has been the subject of several research analyst reports. ValuEngine downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Bank of America increased their target price on shares of Apple from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. DZ Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Daiwa Capital Markets set a $223.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Loop Capital increased their target price on shares of Apple to $250.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has a consensus rating of “Hold” and an average price target of $239.51.

Apple stock opened at $260.14 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $235.37 and its 200-day simple moving average is $209.53. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $260.44. The company has a market capitalization of $1,142.50 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.83 and a beta of 1.25.

Apple (NASDAQ:AAPL) last issued its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The business had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. During the same period in the previous year, the business earned $2.91 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 13.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 annualized dividend and a dividend yield of 1.18%. Apple’s dividend payout ratio (DPR) is currently 25.90%.

Apple Company 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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