KBC Group NV decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,662,967 shares of the iPhone maker’s stock after selling 27,306 shares during the quarter. Apple accounts for about 2.5% of KBC Group NV’s portfolio, making the stock its 2nd largest holding. KBC Group NV’s holdings in Apple were worth $329,134,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. grew its position in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after buying an additional 1,262 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Apple during the 4th quarter worth approximately $50,000. Avondale Wealth Management grew its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after buying an additional 64 shares during the period. NuWave Investment Management LLC grew its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after buying an additional 449 shares during the period. Finally, Horan Securities Inc. grew its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Several analysts have recently commented on AAPL shares. DA Davidson raised their price objective on shares of Apple to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Piper Jaffray Companies set a $243.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group set a $209.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Needham & Company LLC lifted their price target on shares of Apple from $225.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities reissued a “sell” rating and issued 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 given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $218.82.
In other news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the sale, the director now owns 1,150,783 shares in the company, valued at $246,290,577.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 304,536 shares of company stock worth $62,894,611. Company insiders own 0.05% of the company’s stock.
Shares of NASDAQ:AAPL opened at $223.09 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $207.16 and its two-hundred day simple moving average is $196.48. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The stock has a market cap of $967.87 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business had revenue of $53.81 billion for the quarter, compared to analysts’ expectations of $53.39 billion. During the same period last year, the business earned $2.34 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 11.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, August 9th. Apple’s dividend payout ratio (DPR) is presently 25.86%.
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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