Apple Inc. (NASDAQ:AAPL) is Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s Largest Position

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,650,595 shares of the iPhone maker’s stock after buying an additional 664,755 shares during the quarter. Apple comprises 5.8% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Apple were worth $1,319,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Spence Asset Management acquired a new stake in shares of Apple during the 2nd quarter worth approximately $49,000. HBC Financial Services PLLC raised its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Emerson Wealth LLC raised its position in shares of Apple by 27.0% during the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 110 shares during the period. Darrow Company Inc. acquired a new stake in shares of Apple during the 2nd quarter worth approximately $107,000. Finally, Harbor Capital Advisors Inc. bought a new position in Apple in the 1st quarter worth approximately $171,000. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity

In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders sold 380,851 shares of company stock worth $56,707,789 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL stock opened at $151.07 on Friday. The company has a fifty day moving average price of $146.62 and a 200-day moving average price of $149.67. The company has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a PEG ratio of 1.92 and a beta of 1.25. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share 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 company had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the prior year, the company posted $1.24 earnings per share. Apple’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Apple Inc. will post 6.26 EPS for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AAPL shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $139.00 price target on shares of Apple in a research note on Thursday, September 8th. Wedbush reduced their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Robert W. Baird reduced their price objective on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Bank of America reduced their price objective on Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a research note on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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