Apple Inc. (NASDAQ:AAPL) Shares Sold by Clarius Group LLC

Clarius Group LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,601 shares of the iPhone maker’s stock after selling 2,905 shares during the period. Apple comprises 2.9% of Clarius Group LLC’s investment portfolio, making the stock its 9th biggest holding. Clarius Group LLC’s holdings in Apple were worth $29,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Apple by 2.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after buying an additional 4,831,418 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Apple by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after buying an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apple by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Apple by 12.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after buying an additional 8,716,964 shares in the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $137.87 on Monday. 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 firm has a 50-day moving average price of $138.72 and a two-hundred day moving average price of $148.18. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. The company has a market capitalization of $2.18 trillion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. Apple’s dividend payout ratio is currently 15.06%.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’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 sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of the firm’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 directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Bank of America decreased their price target on shares of Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a research note on Monday, November 7th. KeyCorp reiterated a “buy” rating and set a $175.00 price target on shares of Apple in a research note on Tuesday, November 8th. Finally, Oppenheimer decreased their price target on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, December 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.73.

Apple Company Profile

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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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