Achmea Investment Management B.V. raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,663,544 shares of the iPhone maker's stock after buying an additional 7,531 shares during the quarter. Apple accounts for approximately 6.9% of Achmea Investment Management B.V.'s holdings, making the stock its biggest holding. Achmea Investment Management B.V.'s holdings in Apple were worth $416,585,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. grew its holdings in Apple by 4.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 540,710 shares of the iPhone maker's stock worth $125,985,000 after acquiring an additional 22,955 shares during the last quarter. Lummis Asset Management LP grew its holdings in Apple by 6.3% during the 3rd quarter. Lummis Asset Management LP now owns 41,518 shares of the iPhone maker's stock worth $9,674,000 after acquiring an additional 2,447 shares during the last quarter. Intelligence Driven Advisers LLC grew its holdings in Apple by 2.4% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 72,547 shares of the iPhone maker's stock worth $16,904,000 after acquiring an additional 1,734 shares during the last quarter. International Private Wealth Advisors LLC grew its holdings in Apple by 279.8% during the 3rd quarter. International Private Wealth Advisors LLC now owns 13,429 shares of the iPhone maker's stock worth $3,129,000 after acquiring an additional 9,893 shares during the last quarter. Finally, Palo Alto Wealth Advisors LLC grew its holdings in Apple by 72.4% during the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 34,136 shares of the iPhone maker's stock worth $8,072,000 after acquiring an additional 14,337 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Insiders Place Their Bets
In other news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares of the company's stock, valued at $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have issued reports on AAPL shares. Bank of America cut their target price on shares of Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Apple in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research report on Wednesday. Citigroup reiterated a "cautious" rating on shares of Apple in a research report on Monday, May 5th. Finally, DA Davidson increased their price target on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $235.80.
View Our Latest Stock Analysis on Apple
Apple Stock Performance
Shares of AAPL traded down $6.09 during midday trading on Friday, reaching $195.27. 78,299,242 shares of the stock were exchanged, compared to its average volume of 56,177,224. The stock's 50 day simple moving average is $205.39 and its 200 day simple moving average is $226.12. The company has a market cap of $2.92 trillion, a P/E ratio of 31.00, a PEG ratio of 2.44 and a beta of 1.27. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. Apple's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.
Apple declared that its board has initiated a stock buyback plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
Apple Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 0.53%. Apple's dividend payout ratio is currently 16.20%.
Apple Profile
(
Free Report)
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.
See Also
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
