Apple Inc. (NASDAQ:AAPL) is Fundamentun LLC’s 4th Largest Position

Fundamentun LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,573 shares of the iPhone maker’s stock after selling 9,037 shares during the quarter. Apple comprises approximately 3.2% of Fundamentun LLC’s portfolio, making the stock its 4th biggest position. Fundamentun LLC’s holdings in Apple were worth $15,834,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Apple by 0.7% during the first 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. Price T Rowe Associates Inc. MD raised its stake in shares of Apple by 2.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after purchasing an additional 4,831,418 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Apple by 8.2% during the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Apple by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of Apple 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 directly owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple Trading Up 1.9 %

Shares of NASDAQ AAPL opened at $137.87 on Friday. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock’s 50 day simple moving average is $138.72 and its 200 day simple moving average is $148.09.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Equities research analysts expect that Apple Inc. will post 6.19 EPS 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is 15.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wedbush dropped their price objective on Apple from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, January 4th. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. BNP Paribas lowered Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Tuesday, January 3rd. Bank Of America (Bofa) lowered Apple from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $189.00 to $160.00 in a report on Friday, September 30th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $184.00 price objective on shares of Apple in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.73.

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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