Chilton Investment Co. LLC Cuts Stake in Apple Inc. (NASDAQ:AAPL)

Chilton Investment Co. LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,166 shares of the iPhone maker’s stock after selling 339 shares during the period. Chilton Investment Co. LLC’s holdings in Apple were worth $5,683,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AAPL. Milestone Resources Group Ltd increased its stake in shares of Apple by 92.6% during the third quarter. Milestone Resources Group Ltd now owns 416 shares of the iPhone maker’s stock valued at $59,000 after buying an additional 200 shares during the period. Navigation Wealth Management Inc. boosted its position in Apple by 21.3% during the third quarter. Navigation Wealth Management Inc. now owns 478 shares of the iPhone maker’s stock valued at $68,000 after purchasing an additional 84 shares in the last quarter. Newfound Research LLC bought a new stake in Apple during the third quarter valued at about $77,000. NuWave Investment Management LLC boosted its position in Apple by 43.5% during the third quarter. NuWave Investment Management LLC now owns 594 shares of the iPhone maker’s stock valued at $84,000 after purchasing an additional 180 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its position in Apple by 18.1% during the second quarter. Magellan Asset Management Ltd now owns 1,076 shares of the iPhone maker’s stock valued at $147,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

A number of brokerages recently weighed in on AAPL. JPMorgan Chase & Co. set a $210.00 price objective on Apple and gave the company an “overweight” rating in a research report on Tuesday, December 14th. DA Davidson raised their price objective on Apple from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, October 19th. The Goldman Sachs Group set a $142.00 price objective on Apple in a research report on Wednesday, January 5th. Barclays raised their price target on Apple from $142.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, October 29th. Finally, Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating and set a $171.00 price target for the company. in a report on Monday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $176.74.

Apple stock opened at $173.07 on Friday. The stock has a market capitalization of $2.83 trillion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. Apple Inc. has a 12 month low of $116.21 and a 12 month high of $182.94. The business has a 50 day simple moving average of $167.84 and a 200-day simple moving average of $154.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.24. Apple had a return on equity of 144.13% and a net margin of 25.88%. The business had revenue of $83.40 billion during the quarter, compared to analysts’ expectations of $84.94 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The business’s revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 5.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Investors of record on Monday, November 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s payout ratio is 15.66%.

In other Apple news, SVP Deirdre O’brien sold 18,247 shares of the business’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $146.35, for a total transaction of $2,670,448.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 9,005 shares of the business’s stock in a transaction on Friday, November 12th. The stock was sold at an average price of $150.00, for a total value of $1,350,750.00. The disclosure for this sale can be found here. Insiders have sold 218,081 shares of company stock valued at $32,383,704 over the last quarter. 0.06% of the stock is owned by company insiders.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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