Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Close Asset Management Ltd

Posted by Defense World Staff on Nov 5th, 2023

Close Asset Management Ltd decreased its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,201 shares of the iPhone maker’s stock after selling 4,024 shares during the quarter. Apple comprises approximately 1.6% of Close Asset Management Ltd’s holdings, making the stock its 21st largest position. Close Asset Management Ltd’s holdings in Apple were worth $33,371,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in shares of 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 worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Norges Bank bought a new stake in Apple during the fourth quarter worth approximately $21,746,940,000. Morgan Stanley grew its position in Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after buying an additional 25,926,552 shares during the last quarter. Berkshire Hathaway Inc increased 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 buying an additional 20,424,207 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its position in shares of Apple by 16,638.6% during the 1st quarter. Providence Capital Advisors LLC now owns 15,593,974 shares of the iPhone maker’s stock valued at $94,566,000 after acquiring an additional 15,500,812 shares during the last quarter. 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 firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the completion of the transaction, the chief financial officer now owns 107,661 shares in the company, valued at approximately $19,237,944.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 31,685 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $178.69, for a total value of $5,661,792.65. Following the sale, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at $19,237,944.09. The disclosure for this sale can be found here. Insiders sold 455,004 shares of company stock worth $79,238,767 in the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Evercore ISI reaffirmed an “outperform” rating and set a $210.00 target price on shares of Apple in a research report on Thursday, September 28th. Oppenheimer cut their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Canaccord Genuity Group raised their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Robert W. Baird boosted their price target on shares of Apple from $180.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Finally, Barclays cut their target price on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.82.

Check Out Our Latest Research Report on AAPL

Apple Price Performance

Apple stock opened at $176.65 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $2.76 trillion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The business has a 50 day simple moving average of $176.80 and a 200 day simple moving average of $179.38.

Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. Apple’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. On average, sell-side analysts forecast that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 0.54%. Apple’s dividend payout ratio (DPR) is presently 16.13%.

About Apple

(Free Report)

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.