Quilter Plc Cuts Stock Position in Apple Inc. (NASDAQ:AAPL)

Quilter Plc trimmed its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,051,533 shares of the iPhone maker’s stock after selling 48,993 shares during the period. Apple makes up approximately 4.9% of Quilter Plc’s holdings, making the stock its 5th largest holding. Quilter Plc’s holdings in Apple were worth $143,766,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Columbus Macro LLC lifted its holdings in shares of Apple by 9.9% during the first quarter. Columbus Macro LLC now owns 7,006 shares of the iPhone maker’s stock valued at $1,223,000 after purchasing an additional 633 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Apple by 6.5% during the first quarter. Ieq Capital LLC now owns 1,186,250 shares of the iPhone maker’s stock valued at $207,131,000 after purchasing an additional 72,494 shares during the last quarter. Finally, Optas LLC raised its holdings in Apple by 2.2% in the 1st quarter. Optas LLC now owns 59,726 shares of the iPhone maker’s stock worth $10,429,000 after acquiring an additional 1,285 shares during the last quarter. 57.72% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction that occurred on 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 sale, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold a total of 380,851 shares of company stock worth $56,707,789 over the last quarter. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AAPL shares. Evercore ISI boosted their price objective on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday, September 20th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. set a $175.00 price objective on shares of Apple in a report on Friday, July 29th. Monness Crespi & Hardt started coverage on shares of Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price objective for the company. Finally, Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $189.00 to $160.00 in a report on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Price Performance

NASDAQ AAPL opened at $151.07 on Thursday. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.89 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 Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company’s 50 day moving average is $146.70 and its two-hundred day moving average is $149.66.

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 the consensus estimate of $1.27 by $0.02. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders 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 was Friday, November 4th. Apple’s payout ratio is currently 15.06%.

About Apple

(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.