Toronto Dominion Bank Has $2.11 Billion Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Toronto Dominion Bank decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,026,903 shares of the iPhone maker's stock after selling 443,652 shares during the quarter. Apple makes up approximately 3.4% of Toronto Dominion Bank's holdings, making the stock its 3rd largest holding. Toronto Dominion Bank owned 0.07% of Apple worth $2,111,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Granite Investment Partners LLC increased its position in Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after acquiring an additional 7,606 shares in the last quarter. Bellwether Advisors LLC increased its stake in shares of Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock valued at $5,128,000 after buying an additional 19,352 shares during the period. Gentry Private Wealth LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $876,000. Independent Advisor Alliance grew its position in Apple by 0.9% in the 2nd quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker's stock valued at $193,926,000 after purchasing an additional 8,028 shares during the period. Finally, WT Asset Management Ltd bought a new stake in shares of Apple during the 2nd quarter worth $80,057,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer reaffirmed a "buy" rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. TD Cowen boosted their price objective on Apple from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 29th. Raymond James boosted their target price on Apple from $200.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, Evercore ISI reaffirmed a "buy" rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.51.

Apple Stock Performance

NASDAQ:AAPL remained flat at $224.23 during midday trading on Tuesday. 40,376,581 shares of the company traded hands, compared to its average volume of 58,830,453. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 36.92, a PEG ratio of 2.22 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The stock has a fifty day moving average of $226.72 and a two-hundred day moving average of $215.06. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the firm posted $1.46 earnings per share. Apple's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple's dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 61,019 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company's stock, valued at approximately $42,309,126.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares of the company's stock, valued at $42,309,126.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 412,746 shares of company stock worth $93,021,362. 0.06% of the stock is currently owned by company insiders.

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.