JTC Employer Solutions Trustee Ltd decreased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,391 shares of the iPhone maker’s stock after selling 890 shares during the quarter. Apple comprises 1.9% of JTC Employer Solutions Trustee Ltd’s investment portfolio, making the stock its 8th largest holding. JTC Employer Solutions Trustee Ltd’s holdings in Apple were worth $19,845,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Berkshire Hathaway Inc raised its position in Apple by 2.3% in the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after purchasing an additional 20,424,207 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Geode Capital Management LLC raised its position in Apple by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock valued at $46,918,015,000 after purchasing an additional 2,421,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Apple by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after purchasing an additional 7,736,013 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Insider Buying and Selling
In related news, CFO Luca Maestri sold 31,685 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the completion of the sale, the chief financial officer now owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Luca Maestri sold 31,685 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the completion of the sale, the chief financial officer now owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 69,785 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $177.00, for a total transaction of $12,351,945.00. Following the completion of the sale, the chief operating officer now directly owns 489,817 shares of the company’s stock, valued at approximately $86,697,609. The disclosure for this sale can be found here. In the last quarter, insiders sold 455,004 shares of company stock valued at $79,238,767. 0.06% of the stock is currently owned by corporate insiders.
Apple Trading Down 1.0 %
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, equities analysts forecast that Apple Inc. will post 6.05 EPS for the current year.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio (DPR) is presently 16.13%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on AAPL. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a research note on Thursday, September 21st. Rosenblatt Securities reissued a “neutral” rating and issued a $198.00 price objective on shares of Apple in a research note on Tuesday, September 12th. Credit Suisse Group reissued an “outperform” rating and issued a $220.00 price objective on shares of Apple in a research note on Friday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apple from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Apple in a research note on Wednesday, September 13th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.54.
Get Our Latest Analysis on AAPL
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.
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