DekaBank Deutsche Girozentrale Has $1.17 Billion Stock Holdings in Apple Inc. (NASDAQ:AAPL)

DekaBank Deutsche Girozentrale grew its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,483,427 shares of the iPhone maker’s stock after acquiring an additional 113,581 shares during the period. Apple accounts for 3.4% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 2nd largest holding. DekaBank Deutsche Girozentrale’s holdings in Apple were worth $1,165,817,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Carl P. Sherr & Co. LLC raised its stake in shares of Apple by 1.3% in the second quarter. Carl P. Sherr & Co. LLC now owns 55,571 shares of the iPhone maker’s stock valued at $7,598,000 after acquiring an additional 710 shares during the last quarter. Norwood Financial Corp raised its position in Apple by 4.1% in the 2nd quarter. Norwood Financial Corp now owns 7,315 shares of the iPhone maker’s stock worth $1,000,000 after purchasing an additional 290 shares during the last quarter. FDx Advisors Inc. raised its position in Apple by 483.7% in the 2nd quarter. FDx Advisors Inc. now owns 110,584 shares of the iPhone maker’s stock worth $15,119,000 after purchasing an additional 91,638 shares during the last quarter. Wealth Effects LLC raised its position in Apple by 5.9% in the 2nd quarter. Wealth Effects LLC now owns 114,211 shares of the iPhone maker’s stock worth $15,615,000 after purchasing an additional 6,368 shares during the last quarter. Finally, Candriam S.C.A. raised its position in Apple by 6.1% in the 2nd quarter. Candriam S.C.A. now owns 3,188,623 shares of the iPhone maker’s stock worth $435,928,000 after purchasing an additional 182,945 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Apple Trading Up 0.4 %

Shares of NASDAQ:AAPL opened at $151.29 on Monday. The company’s 50-day moving average price is $147.08 and its two-hundred day moving average price is $149.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The stock has a market capitalization of $2.41 trillion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 6.26 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Itaú Unibanco initiated coverage on shares of Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research report on Monday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $189.00 target price on shares of Apple in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $189.00 to $160.00 in a report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. Insiders have sold 360,651 shares of company stock valued at $53,703,645 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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