Dupont Capital Management Corp Boosts Position in Apple Inc. (NASDAQ:AAPL)

Dupont Capital Management Corp raised its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 272,580 shares of the iPhone maker's stock after buying an additional 11,633 shares during the period. Apple makes up 5.3% of Dupont Capital Management Corp's portfolio, making the stock its 2nd biggest position. Dupont Capital Management Corp's holdings in Apple were worth $63,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. High Net Worth Advisory Group LLC grew its holdings in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock worth $14,916,000 after acquiring an additional 1,066 shares during the period. Granite Investment Partners LLC boosted its position in shares of Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after purchasing an additional 7,606 shares in the last quarter. Truist Financial Corp boosted its position in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after purchasing an additional 126,210 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock worth $406,099,000 after purchasing an additional 95,235 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Apple by 15.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 149,219 shares of the iPhone maker's stock worth $34,768,000 after purchasing an additional 19,670 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Tigress Financial lifted their target price on Apple from $245.00 to $295.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 28th. UBS Group reaffirmed a "neutral" rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Loop Capital decreased their price target on Apple from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $236.78.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock worth $117,004,745 in the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ AAPL traded up $4.70 on Friday, hitting $254.49. 145,580,875 shares of the company were exchanged, compared to its average volume of 57,671,145. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $255.00. The firm has a 50 day moving average of $234.97 and a two-hundred day moving average of $225.48. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.85 trillion, a P/E ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Apple's dividend payout ratio is presently 16.45%.

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.