Apple Inc. $AAPL Holdings Reduced by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp has reduced its Apple holdings by 2.1%, selling 178,944 shares, and now owns approximately 8.47 million shares, making Apple 4.9% of its investment portfolio.
• Apple reported a quarterly earnings per share of $1.57, exceeding estimates, with a net revenue of $94.04 billion, reflecting a 9.6% increase year-over-year.
• The company announced a quarterly dividend of $0.26 per share, yielding 0.4%, with a payout ratio of 15.78% as of August 11th.

Mitsubishi UFJ Trust & Banking Corp decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,466,402 shares of the iPhone maker's stock after selling 178,944 shares during the quarter. Apple accounts for approximately 4.9% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its largest position. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Apple worth $1,880,642,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advanced Portfolio Management LLC boosted its holdings in shares of Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock worth $3,260,000 after acquiring an additional 47 shares in the last quarter. Salus Financial Advisors LLC grew its position in Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock valued at $291,000 after purchasing an additional 49 shares in the last quarter. Disciplined Investments LLC increased its holdings in Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock worth $1,794,000 after buying an additional 51 shares during the last quarter. Sharpepoint LLC lifted its holdings in Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after purchasing an additional 51 shares during the last quarter. Finally, Redwood Financial Network Corp grew its position in shares of Apple by 0.6% in the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock valued at $2,184,000 after purchasing an additional 53 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.8%

NASDAQ:AAPL traded down $1.94 during mid-day trading on Monday, reaching $237.75. The stock had a trading volume of 26,928,241 shares, compared to its average volume of 56,577,613. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock's 50 day simple moving average is $219.28 and its two-hundred day simple moving average is $212.40.

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

Apple Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on AAPL shares. Raymond James Financial restated an "outperform" rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. UBS Group upped their price objective on shares of Apple from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Rosenblatt Securities reissued a "neutral" rating and set a $217.00 price objective on shares of Apple in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on Apple from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt lifted their target price on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.99.

Apple 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.