Wintrust Investments LLC Has $35.52 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Wintrust Investments LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,007 shares of the iPhone maker’s stock after selling 44,473 shares during the quarter. Apple accounts for approximately 4.4% of Wintrust Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. Wintrust Investments LLC’s holdings in Apple were worth $35,518,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Apple in the third quarter valued at approximately $1,890,884,000. Barclays PLC lifted its holdings in Apple by 53.0% during the 3rd quarter. Barclays PLC now owns 30,235,823 shares of the iPhone maker’s stock valued at $4,178,590,000 after purchasing an additional 10,471,342 shares during the last quarter. Legal & General Group Plc lifted its holdings in Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Apple by 0.7% during the 1st 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. Finally, UBS Asset Management Americas Inc. lifted its holdings in Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Stock Down 1.4 %

Shares of NASDAQ:AAPL opened at $151.60 on Wednesday. The firm has a market cap of $2.40 trillion, a P/E ratio of 25.74, a P/E/G ratio of 2.00 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The business has a fifty day simple moving average of $142.69 and a 200 day simple moving average of $145.90.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The business had revenue of $117.15 billion for the quarter, compared to analyst estimates of $121.67 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. Analysts predict that Apple Inc. will post 6.04 earnings per share for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were issued a dividend of $0.23 per share. This is an increase from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.62%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 price target on shares of Apple in a report on Thursday, March 2nd. BNP Paribas downgraded Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Tuesday, January 3rd. Citigroup reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Cowen decreased their target price on Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Finally, Oppenheimer decreased their target price on Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.94.

About Apple

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties 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.