Edmond DE Rothschild Holding S.A. Sells 15,246 Shares of Apple Inc. $AAPL

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Apple Inc. by 5.4%, selling 15,246 shares and owning a total of 268,824 shares worth $59.71 million.
• Apple Inc. reported a quarterly earnings per share (EPS) of $1.57, surpassing estimates, with revenues of $94.04 billion, a 9.6% increase from the prior year.
• Institutional investors own 67.73% of Apple’s stock, with numerous firms recently acquiring new positions in the tech giant.

Edmond DE Rothschild Holding S.A. reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 268,824 shares of the iPhone maker's stock after selling 15,246 shares during the quarter. Apple comprises 1.1% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 18th biggest position. Edmond DE Rothschild Holding S.A.'s holdings in Apple were worth $59,714,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Apple by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock valued at $311,157,662,000 after buying an additional 5,005,297 shares during the period. Geode Capital Management LLC raised its position in shares of Apple by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock valued at $84,999,145,000 after acquiring an additional 6,307,413 shares during the last quarter. Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at $46,868,648,000. Northern Trust Corp boosted its position in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 0.6%

Shares of NASDAQ:AAPL traded up $1.45 during midday trading on Tuesday, reaching $238.15. 63,364,012 shares of the company were exchanged, compared to its average volume of 45,474,312. The firm has a market cap of $3.53 trillion, a PE ratio of 36.14, a P/E/G ratio of 2.46 and a beta of 1.11. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock has a fifty day simple moving average of $222.59 and a two-hundred day simple moving average of $212.17. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the prior year, the business earned $1.40 EPS. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio (DPR) is currently 15.78%.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and issued a $270.00 target price on shares of Apple in a research note on Tuesday, September 9th. Moffett Nathanson upgraded shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target on the stock in a research report on Thursday, September 4th. DA Davidson reaffirmed a "neutral" rating and issued a $250.00 target price on shares of Apple in a research note on Thursday, September 11th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Friday, July 25th. Finally, Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price target for the company. in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $241.77.

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.