Fiera Capital Corp Lowers Stake in Apple Inc. (NASDAQ:AAPL)

Fiera Capital Corp reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 278,647 shares of the iPhone maker’s stock after selling 9,990 shares during the period. Fiera Capital Corp’s holdings in Apple were worth $25,413,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AAPL. OLD Mission Capital LLC purchased a new stake in shares of Apple in the third quarter valued at about $1,238,000. Atlas Private Wealth Management boosted its holdings in shares of Apple by 0.8% in the first quarter. Atlas Private Wealth Management now owns 51,756 shares of the iPhone maker’s stock valued at $6,322,000 after acquiring an additional 396 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Apple by 18.4% in the first quarter. Ironwood Wealth Management LLC. now owns 256,038 shares of the iPhone maker’s stock valued at $31,275,000 after acquiring an additional 39,803 shares in the last quarter. LaFleur & Godfrey LLC boosted its holdings in shares of Apple by 5.7% in the first quarter. LaFleur & Godfrey LLC now owns 299,247 shares of the iPhone maker’s stock valued at $36,553,000 after acquiring an additional 16,262 shares in the last quarter. Finally, Key Financial Inc boosted its holdings in shares of Apple by 4.1% in the first quarter. Key Financial Inc now owns 83,056 shares of the iPhone maker’s stock valued at $10,145,000 after acquiring an additional 3,251 shares in the last quarter. 56.38% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:AAPL opened at $146.92 on Friday. The firm has a 50 day simple moving average of $148.37 and a 200-day simple moving average of $136.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market cap of $2.43 trillion, a PE ratio of 28.75, a P/E/G ratio of 2.10 and a beta of 1.20. Apple Inc. has a 1-year low of $107.32 and a 1-year high of $157.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Monday, July 26th. The iPhone maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.29. The business had revenue of $81.40 billion during the quarter, compared to analyst estimates of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The company’s revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 5.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, August 6th. Apple’s dividend payout ratio is presently 26.83%.

In related news, CEO Timothy D. Cook sold 2,386,440 shares of the business’s stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total value of $354,577,255.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 14,877 shares of the business’s stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $145.99, for a total transaction of $2,171,893.23. The disclosure for this sale can be found here. In the last three months, insiders sold 2,418,317 shares of company stock valued at $359,229,278. Company insiders own 0.06% of the company’s stock.

AAPL has been the subject of several recent analyst reports. New Street Research cut shares of Apple from a “neutral” rating to a “sell” rating and set a $90.00 price objective for the company. in a research note on Friday, May 28th. Canaccord Genuity raised their price objective on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. The Goldman Sachs Group set a $140.00 price objective on shares of Apple in a research note on Tuesday, September 14th. DA Davidson raised their price objective on shares of Apple from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Finally, Evercore ISI upgraded shares of Apple to a “buy” rating and set a $180.00 price objective for the company in a research note on Friday, September 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Buy” and an average price target of $163.82.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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