Norman Fields Gottscho Capital Management LLC Has $32.88 Million Position in Apple Inc. (NASDAQ:AAPL)

Norman Fields Gottscho Capital Management LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,124 shares of the iPhone maker’s stock after selling 949 shares during the period. Apple makes up about 10.9% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Apple were worth $32,882,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bridge Advisory LLC increased its stake in Apple by 1.1% in the 3rd quarter. Bridge Advisory LLC now owns 34,797 shares of the iPhone maker’s stock worth $8,108,000 after purchasing an additional 384 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Apple by 4.0% in the third quarter. Global Wealth Strategies & Associates now owns 10,671 shares of the iPhone maker’s stock worth $2,486,000 after buying an additional 406 shares during the period. Mattson Financial Services LLC purchased a new position in shares of Apple in the second quarter worth approximately $7,371,000. Ashburton Jersey Ltd acquired a new stake in shares of Apple during the second quarter valued at approximately $15,855,000. Finally, Sage Advisors LLC lifted its position in shares of Apple by 3.3% in the 2nd quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 1.3 %

Shares of AAPL stock opened at $228.02 on Tuesday. The firm has a market capitalization of $3.45 trillion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm’s fifty day simple moving average is $227.18 and its 200 day simple moving average is $217.00. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 16.45%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAPL shares. Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Robert W. Baird raised their price objective on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TD Cowen upped their target price on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Maxim Group increased their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 404,040 shares of company stock worth $91,062,512. 0.06% of the stock is currently owned by company insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.