IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 525 Shares of Apple Inc. (NASDAQ:AAPL)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,844 shares of the iPhone maker’s stock after selling 525 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Apple were worth $662,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Aaron Wealth Advisors LLC increased its stake in Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after buying an additional 25,989,570 shares during the last quarter. Capital Research Global Investors increased its stake in Apple by 31.7% in the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after buying an additional 9,354,484 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Swiss National Bank increased its stake in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 360,651 shares of company stock worth $53,703,645 over the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Price Performance

AAPL stock opened at $151.29 on Monday. The firm’s 50-day moving average price is $147.08 and its two-hundred day moving average price is $149.77. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Barclays decreased their price target on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th. Morgan Stanley reduced their price objective on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Citigroup reiterated a “buy” rating and issued a $175.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Finally, UBS Group set a $180.00 price target on shares of Apple in a report on Wednesday, November 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Apple 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.

Read More

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.