Barton Investment Management Sells 206 Shares of Apple Inc. (NASDAQ:AAPL)

Barton Investment Management decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,054 shares of the iPhone maker’s stock after selling 206 shares during the quarter. Apple comprises approximately 0.2% of Barton Investment Management’s investment portfolio, making the stock its 20th largest position. Barton Investment Management’s holdings in Apple were worth $2,661,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Apple by 279.3% in the third quarter. State Street Corp now owns 672,444,836 shares of the iPhone maker’s stock valued at $77,875,836,000 after buying an additional 495,180,468 shares during the period. Morgan Stanley boosted its position in shares of Apple by 283.3% during the 3rd quarter. Morgan Stanley now owns 124,613,848 shares of the iPhone maker’s stock valued at $14,431,530,000 after purchasing an additional 92,101,156 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Apple by 296.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 78,699,382 shares of the iPhone maker’s stock worth $9,114,176,000 after purchasing an additional 58,823,499 shares during the period. Swiss National Bank increased its holdings in Apple by 290.0% in the third quarter. Swiss National Bank now owns 67,699,096 shares of the iPhone maker’s stock worth $7,840,232,000 after purchasing an additional 50,340,997 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Apple by 301.4% in the third quarter. UBS Asset Management Americas Inc. now owns 66,313,487 shares of the iPhone maker’s stock valued at $7,679,765,000 after buying an additional 49,792,917 shares during the period. 57.77% of the stock is currently owned by institutional investors.

In other Apple news, SVP Deirdre O’brien sold 31,200 shares of Apple stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $119.80, for a total value of $3,737,760.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 14,840 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $121.34, for a total value of $1,800,685.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,040 shares of company stock worth $7,415,586 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

AAPL has been the topic of several research analyst reports. Smith Barney Citigroup increased their target price on shares of Apple from $125.00 to $150.00 in a research note on Friday, December 18th. Morgan Stanley boosted their target price on Apple from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Wednesday, December 16th. DA Davidson raised their price objective on Apple from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Raymond James upped their target price on Apple from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Finally, Sanford C. Bernstein restated a “neutral” rating and set a $100.00 price target on shares of Apple in a research note on Wednesday, September 16th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $118.61.

NASDAQ:AAPL opened at $130.89 on Thursday. Apple Inc. has a twelve month low of $53.15 and a twelve month high of $138.79. The stock has a market cap of $2.20 trillion, a P/E ratio of 40.15, a PEG ratio of 2.85 and a beta of 1.28. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $126.77 and its two-hundred day moving average price is $115.12.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $64.70 billion during the quarter, compared to the consensus estimate of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. On average, equities research analysts expect that Apple Inc. will post 4.03 EPS for the current fiscal year.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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