Financiere des Professionnels Fonds d investissement inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,058 shares of the iPhone maker's stock after selling 4,124 shares during the period. Apple comprises 2.4% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 7th largest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Apple were worth $34,572,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. State Street Corp raised its holdings in Apple by 10.6% during the third 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. FMR LLC raised its stake in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker's stock valued at $21,335,435,000 after purchasing an additional 1,742,087 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Apple
In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares in the company, 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. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 in the last three months. Insiders own 0.06% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on AAPL shares. The Goldman Sachs Group decreased their price objective on shares of Apple from $259.00 to $256.00 and set a "buy" rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Maxim Group boosted their price objective on Apple to $215.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $263.00 target price on shares of Apple in a report on Thursday, April 3rd. Finally, Bank of America reduced their price objective on Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $233.88.
Read Our Latest Stock Analysis on AAPL
Apple Stock Down 0.0 %
Shares of AAPL traded down $0.05 during mid-day trading on Friday, reaching $208.32. The company had a trading volume of 24,722,624 shares, compared to its average volume of 56,689,747. The firm has a 50-day moving average price of $216.41 and a 200 day moving average price of $229.42. The company has a market capitalization of $3.13 trillion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $168.15 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Apple's dividend payout ratio is currently 15.87%.
Apple Profile
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Free Report)
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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