Apple Inc. (NASDAQ:AAPL) Shares Sold by Platform Technology Partners

Platform Technology Partners lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 125,655 shares of the iPhone maker’s stock after selling 570 shares during the quarter. Apple comprises approximately 9.9% of Platform Technology Partners’ holdings, making the stock its largest position. Platform Technology Partners’ holdings in Apple were worth $17,366,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Apple by 0.7% in 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 buying an additional 8,734,393 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after buying an additional 4,831,418 shares during the period. Legal & General Group Plc lifted its holdings in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after buying an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apple by 1.5% in the first 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 buying an additional 1,155,915 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after purchasing an additional 8,716,964 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Stock Performance

AAPL opened at $137.87 on Friday. The company has a market cap of $2.18 trillion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The stock has a 50-day moving average of $138.72 and a 200-day moving average of $148.09. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.67%. Apple’s payout ratio is 15.06%.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Citigroup reaffirmed a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Bank of America dropped their price target on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a research report on Monday, November 7th. Finally, UBS Group set a $180.00 price target on Apple in a research report on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.73.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Company Profile

(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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