Dupont Capital Management Corp Has $50.81 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Dupont Capital Management Corp decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 263,883 shares of the iPhone maker’s stock after selling 32,559 shares during the period. Apple accounts for about 4.4% of Dupont Capital Management Corp’s investment portfolio, making the stock its 3rd largest position. Dupont Capital Management Corp’s holdings in Apple were worth $50,805,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AAPL. Wyrmwood Management LLC boosted its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC boosted its stake in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp grew its holdings in Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. raised its position in shares of Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Apple in the fourth quarter worth $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $165.84 on Tuesday. The stock’s 50-day moving average is $174.24 and its 200 day moving average is $182.10. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market cap of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. Research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Insider Transactions at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several research analyst reports. DZ Bank reaffirmed a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Citigroup reiterated a “buy” rating and issued a $225.00 target price on shares of Apple in a research report on Friday, February 16th. Bank of America raised Apple from a “neutral” rating to a “buy” rating and increased their price target for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. Finally, Morgan Stanley reduced their price objective on Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.