Dundas Partners LLP lessened its stake in Apple Inc. (NASDAQ:AAPL) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,321 shares of the iPhone maker’s stock after selling 1,454 shares during the quarter. Apple accounts for about 2.0% of Dundas Partners LLP’s portfolio, making the stock its 26th largest holding. Dundas Partners LLP’s holdings in Apple were worth $8,374,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of Apple by 4.1% during the second quarter. Fisher Asset Management LLC now owns 13,738,592 shares of the iPhone maker’s stock worth $2,719,142,000 after purchasing an additional 546,597 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after buying an additional 414,856 shares during the period. Thoroughbred Financial Services LLC boosted its stake in shares of Apple by 19,949.3% during the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after buying an additional 10,004,976 shares during the period. Sanders Capital LLC boosted its stake in shares of Apple by 3.0% during the second quarter. Sanders Capital LLC now owns 8,376,114 shares of the iPhone maker’s stock worth $1,815,725,000 after buying an additional 241,940 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Apple by 4.0% during the first quarter. Clearbridge Investments LLC now owns 7,652,260 shares of the iPhone maker’s stock worth $1,453,547,000 after buying an additional 295,102 shares during the period. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Shares of AAPL opened at $219.23 on Friday. The company’s fifty day moving average is $207.16 and its 200-day moving average is $196.48. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47. The firm has a market cap of $979.31 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. During the same quarter in the prior year, the business posted $2.34 EPS. Apple’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 11.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Apple’s dividend payout ratio is currently 25.86%.
In related news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total transaction of $3,745,350.00. Following the sale, the director now directly owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 304,536 shares of company stock valued at $62,894,611. 0.05% of the stock is owned by insiders.
A number of equities research analysts recently commented on AAPL shares. Citigroup raised their price objective on shares of Apple from $205.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America restated a “buy” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Apple in a research report on Wednesday. Longbow Research reiterated a “hold” rating on shares of Apple in a research report on Tuesday. UBS Group set a $235.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $150.00 price target on shares of Apple in a research report on Monday, July 8th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $218.18.
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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