Siemens Fonds Invest GmbH Sells 16,756 Shares of Apple Inc. (NASDAQ:AAPL)

Siemens Fonds Invest GmbH lessened its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 489,939 shares of the iPhone maker’s stock after selling 16,756 shares during the quarter. Apple accounts for 7.8% of Siemens Fonds Invest GmbH’s holdings, making the stock its biggest position. Siemens Fonds Invest GmbH’s holdings in Apple were worth $67,710,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Robinson Value Management Ltd. bought a new position in Apple in the third quarter valued at $28,000. Hanseatic Management Services Inc. grew its holdings in shares of Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Bluestem Financial Advisors LLC raised its holdings in Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 229,929 shares in the last quarter. HBC Financial Services PLLC boosted its position in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Apple in the second quarter valued at approximately $55,000. Institutional investors own 57.60% of the company’s stock.

Apple Trading Down 1.4 %

Shares of Apple stock opened at $148.50 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.02 and a beta of 1.30. The firm’s 50-day moving average price is $144.02 and its two-hundred day moving average price is $145.85.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm had revenue of $117.15 billion for the quarter, compared to analyst estimates of $121.67 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. Apple’s dividend payout ratio (DPR) is presently 15.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AAPL shares. Barclays increased their price objective on Apple from $133.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Raymond James lowered their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Deutsche Bank Aktiengesellschaft set a $160.00 target price on shares of Apple in a research note on Friday, February 3rd. Sanford C. Bernstein set a $125.00 price target on Apple in a research report on Tuesday, January 24th. Finally, Credit Suisse Group set a $184.00 price objective on Apple in a research report on Monday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.24.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.