Apple Inc. (NASDAQ:AAPL) Shares Bought by Capital International Ltd. CA

Capital International Ltd. CA increased its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,129 shares of the iPhone maker’s stock after acquiring an additional 6,128 shares during the period. Capital International Ltd. CA’s holdings in Apple were worth $10,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Vanguard Group Inc. grew its position in 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 buying an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Apple by 2.1% in the second 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 acquiring an additional 4,831,418 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after acquiring an additional 9,411,018 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 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 position in 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 worth $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Apple in a research report on Sunday, March 5th. They issued a “buy” rating and a $199.00 price objective for the company. Oppenheimer lowered their target price on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, December 12th. Rosenblatt Securities lifted their target price on shares of Apple from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Apple in a report on Friday. Finally, BNP Paribas lowered 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.24.

Apple Price Performance

AAPL stock opened at $150.47 on Tuesday. The stock has a 50-day moving average price of $144.43 and a two-hundred day moving average price of $145.41. 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 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The company has a market cap of $2.38 trillion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share 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 company had revenue of $117.15 billion during the quarter, compared to analysts’ expectations of $121.67 billion. During the same period in the previous year, the company earned $2.10 EPS. Apple’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were given a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is presently 15.62%.

About Apple

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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.