Ninety One SA PTY Ltd Has $11.39 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Ninety One SA PTY Ltd lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 16.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,484 shares of the iPhone maker's stock after selling 9,078 shares during the period. Apple comprises approximately 2.5% of Ninety One SA PTY Ltd's holdings, making the stock its 10th biggest position. Ninety One SA PTY Ltd's holdings in Apple were worth $11,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. State Street Corp lifted its position in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. FMR LLC increased its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

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Insider Activity

In other news, COO Jeffrey E. Williams sold 35,493 shares of the company's 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 transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares of the company's stock, valued at $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AAPL. Evercore ISI upped their price target on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $260.00 price target on shares of Apple in a research note on Friday. Rosenblatt Securities restated a "buy" rating and issued a $263.00 price objective on shares of Apple in a research report on Thursday. Finally, DA Davidson set a $290.00 price objective on Apple in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $245.26.

Apple Trading Down 7.3 %

AAPL traded down $14.81 during trading on Friday, reaching $188.38. The company had a trading volume of 125,530,035 shares, compared to its average volume of 55,311,458. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $230.14 and a 200-day simple moving average of $233.15. The stock has a market cap of $2.83 trillion, a P/E ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Apple's dividend payout ratio is 15.87%.

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.