TD Asset Management Inc. Sells 257,423 Shares of Apple Inc. (NASDAQ:AAPL)

TD Asset Management Inc. lowered its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,459,296 shares of the iPhone maker’s stock after selling 257,423 shares during the quarter. Apple accounts for 3.4% of TD Asset Management Inc.’s investment portfolio, making the stock its 3rd biggest position. TD Asset Management Inc. owned 0.13% of Apple worth $2,933,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Vanguard Group Inc. grew its holdings in shares of Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after purchasing an additional 1,155,915 shares during the period. Swiss National Bank raised its stake in Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after purchasing an additional 8,230,300 shares during the period. Wellington Management Group LLP increased its stake in shares of Apple by 10.1% in the first quarter. Wellington Management Group LLP now owns 67,133,546 shares of the iPhone maker’s stock worth $11,722,187,000 after acquiring an additional 6,162,898 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Apple by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,435,007 shares of the iPhone maker’s stock worth $6,758,754,000 after acquiring an additional 1,003,177 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Trading Up 0.6 %

Shares of NASDAQ AAPL opened at $151.07 on Friday. The company’s fifty day moving average is $146.62 and its 200-day moving average is $149.67. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.92 and a beta of 1.25. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Equities research analysts predict that Apple Inc. will post 6.26 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio is 15.06%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the sale, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the sale, the senior vice president now directly owns 136,290 shares in the company, valued at $19,374,986.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 380,851 shares of company stock valued at $56,707,789. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AAPL. DA Davidson dropped their price target on shares of Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. UBS Group set a $180.00 price target on shares of Apple in a research report on Wednesday. Fundamental Research increased their price target on shares of Apple to $168.50 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. KeyCorp reissued a “buy” rating and issued a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. Finally, Bank of America dropped their price objective on shares of Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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