Todd Asset Management LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 266,188 shares of the iPhone maker’s stock after selling 11,240 shares during the quarter. Apple comprises approximately 1.1% of Todd Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Todd Asset Management LLC’s holdings in Apple were worth $41,025,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after buying an additional 4,483,360 shares in the last quarter. Capital Research Global Investors boosted its holdings in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock worth $686,338,000 after buying an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after buying an additional 2,138,928 shares in the last quarter. Institutional investors own 59.70% of the company’s stock.
Apple Inc. (AAPL) opened at $171.85 on Wednesday. The company has a market cap of $871,970.00, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.30 and a beta of 1.33. Apple Inc. has a twelve month low of $135.28 and a twelve month high of $180.10. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 EPS. analysts expect that Apple Inc. will post 11.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.63 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.47%. Apple’s dividend payout ratio is 24.66%.
A number of brokerages recently weighed in on AAPL. BidaskClub upgraded shares of Apple from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “market perform” rating on shares of Apple in a report on Friday, February 16th. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. Morningstar set a $170.00 target price on shares of Apple and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein set a $195.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $201.64.
In other Apple news, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares in the company, valued at approximately $14,246,900.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold a total of 107,011 shares of company stock worth $18,414,885 over the last 90 days. Company insiders own 0.06% of the company’s stock.
Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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