Sumitomo Mitsui Trust Holdings Inc. Sells 106,127 Shares of Apple Inc. (AAPL)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the third quarter, Holdings Channel reports. The institutional investor owned 15,494,591 shares of the iPhone maker’s stock after selling 106,127 shares during the quarter. Apple makes up about 3.4% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its largest holding. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Apple were worth $2,388,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Apple by 14,030.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after purchasing an additional 4,483,360 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Apple by 200.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock worth $686,338,000 after purchasing an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Apple by 25.3% in the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after purchasing an additional 2,138,928 shares in the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.

Several equities research analysts have recently commented on AAPL shares. Citigroup restated a “buy” rating and issued a $200.00 price objective on shares of Apple in a research note on Wednesday, December 13th. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities upped their price objective on Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price objective (up from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Finally, Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $171.48 price objective for the company. in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $201.64.

In other news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the transaction, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,643 shares of company stock worth $16,603,803. Corporate insiders own 0.08% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at $175.50 on Friday. The company has a market cap of $890,490.00, a P/E ratio of 17.17, a PEG ratio of 1.32 and a beta of 1.33. Apple Inc. has a 1 year low of $135.28 and a 1 year high of $180.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $3.36 earnings per share. research analysts anticipate that Apple Inc. will post 11.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 24.66%.

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About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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