Acas LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,034 shares of the iPhone maker’s stock after selling 2,137 shares during the quarter. Apple comprises about 11.0% of Acas LLC’s portfolio, making the stock its biggest holding. Acas LLC’s holdings in Apple were worth $8,153,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AAPL. Moneta Group Investment Advisors LLC grew its holdings in shares of Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Norges Bank purchased a new stake in shares of Apple in the fourth quarter valued at about $21,746,940,000. Morgan Stanley grew its holdings in shares of Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the period. Berkshire Hathaway Inc grew its holdings in shares of Apple by 2.3% in the first 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 period. Finally, Providence Capital Advisors LLC grew its holdings in shares of Apple by 16,638.6% in the first quarter. Providence Capital Advisors LLC now owns 15,593,974 shares of the iPhone maker’s stock valued at $94,566,000 after purchasing an additional 15,500,812 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Analyst Ratings Changes
AAPL has been the subject of a number of analyst reports. Rosenblatt Securities dropped their price objective on shares of Apple from $198.00 to $189.00 and set a “neutral” rating for the company in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Apple in a research report on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Apple in a research report on Thursday, September 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research report on Monday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 target price on shares of Apple in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.82.
Insider Buying and Selling at Apple
In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the sale, the chief executive officer now owns 3,280,053 shares in the company, valued at $565,809,142.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 455,004 shares of company stock valued at $79,238,767. 0.06% of the stock is owned by company insiders.
Apple Stock Performance
Shares of Apple stock opened at $176.65 on Friday. The firm’s fifty day simple moving average is $176.84 and its 200-day simple moving average is $179.30. The stock has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.42 and a beta of 1.30. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. As a group, equities analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.54%. Apple’s dividend payout ratio is currently 16.13%.
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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