Capital International Sarl lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,260 shares of the iPhone maker's stock after selling 16,970 shares during the period. Apple makes up 1.7% of Capital International Sarl's holdings, making the stock its 11th biggest holding. Capital International Sarl's holdings in Apple were worth $73,188,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Apple during the 4th quarter worth approximately $46,868,648,000. Vanguard Group Inc. grew its holdings in Apple by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Apple by 23,555.4% during the 4th quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker's stock worth $5,272,653,000 after acquiring an additional 20,966,232 shares in the last quarter. Demars Financial Group LLC grew its holdings in Apple by 24,931.3% during the 4th quarter. Demars Financial Group LLC now owns 10,368,233 shares of the iPhone maker's stock worth $2,596,413,000 after acquiring an additional 10,326,812 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in Apple by 25,285.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock worth $2,411,260,000 after acquiring an additional 9,590,933 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Stock Performance
Apple stock traded down $2.75 during trading hours on Friday, reaching $196.45. 51,345,532 shares of the stock were exchanged, compared to its average volume of 54,742,937. The stock has a market cap of $2.93 trillion, a P/E ratio of 31.18, a P/E/G ratio of 2.44 and a beta of 1.22. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The firm's 50 day moving average is $201.76 and its 200 day moving average is $223.02.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.53 EPS. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. This is an increase from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio is presently 16.20%.
Apple declared that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Tuesday, June 10th. JPMorgan Chase & Co. lowered their target price on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a report on Wednesday, May 21st. Evercore ISI upped their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Citigroup restated a "buy" rating on shares of Apple in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $234.86.
Check Out Our Latest Analysis on Apple
Insiders Place Their Bets
In other news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is owned by insiders.
Apple Company Profile
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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.
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