Flossbach Von Storch SE Has $901.86 Million Stock Holdings in Apple Inc. $AAPL

Flossbach Von Storch SE lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,060,047 shares of the iPhone maker's stock after selling 376,909 shares during the period. Apple comprises 3.9% of Flossbach Von Storch SE's holdings, making the stock its 6th largest holding. Flossbach Von Storch SE's holdings in Apple were worth $901,858,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Trek Financial LLC raised its stake in shares of Apple by 0.5% during the first quarter. Trek Financial LLC now owns 87,768 shares of the iPhone maker's stock valued at $19,496,000 after acquiring an additional 449 shares during the last quarter. Opus Capital Group LLC raised its stake in shares of Apple by 0.6% during the first quarter. Opus Capital Group LLC now owns 16,675 shares of the iPhone maker's stock valued at $3,704,000 after acquiring an additional 98 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Apple by 4.1% during the first quarter. Valeo Financial Advisors LLC now owns 768,417 shares of the iPhone maker's stock valued at $170,688,000 after acquiring an additional 30,190 shares during the last quarter. BXM Wealth LLC raised its stake in shares of Apple by 7.8% during the first quarter. BXM Wealth LLC now owns 21,277 shares of the iPhone maker's stock valued at $4,717,000 after acquiring an additional 1,531 shares during the last quarter. Finally, Ridgeline Wealth Planning LLC raised its stake in shares of Apple by 81.6% during the first quarter. Ridgeline Wealth Planning LLC now owns 1,829 shares of the iPhone maker's stock valued at $406,000 after acquiring an additional 822 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital decreased their target price on shares of Apple from $230.00 to $226.00 and set a "hold" rating for the company in a research report on Thursday, August 21st. Wedbush reissued an "outperform" rating and set a $270.00 target price on shares of Apple in a research report on Thursday, August 7th. DA Davidson reissued a "buy" rating and set a $250.00 target price on shares of Apple in a research report on Friday, August 1st. Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $217.00 target price on shares of Apple in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $237.01.

Insider Activity

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

Apple Price Performance

Apple stock opened at $229.31 on Wednesday. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.37 and a beta of 1.16. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock's 50 day moving average price is $213.77 and its two-hundred day moving average price is $212.93. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio is presently 15.78%.

Apple declared that its board has initiated a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Apple Company Profile

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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