Grantham Mayo Van Otterloo & Co. LLC Has $472.30 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Grantham Mayo Van Otterloo & Co. LLC cut its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 19.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,417,518 shares of the iPhone maker’s stock after selling 807,971 shares during the quarter. Apple makes up approximately 2.7% of Grantham Mayo Van Otterloo & Co. LLC’s investment portfolio, making the stock its 4th largest holding. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Apple were worth $472,301,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealthspire Advisors LLC raised its holdings in Apple by 42.8% in the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after purchasing an additional 89,865 shares in the last quarter. Emerald Advisors LLC raised its holdings in Apple by 2.4% in the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after purchasing an additional 465 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Callan Capital LLC raised its holdings in Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Bennett Selby Investments LP increased its holdings in shares of Apple by 0.3% during the third quarter. Bennett Selby Investments LP now owns 151,793 shares of the iPhone maker’s stock valued at $20,978,000 after acquiring an additional 450 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AAPL. Sanford C. Bernstein set a $125.00 target price on shares of Apple in a research report on Tuesday, January 24th. Canaccord Genuity Group lowered their price objective on shares of Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Oppenheimer lowered their price objective on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, December 12th. Raymond James lowered their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Finally, BNP Paribas downgraded shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.24.

Apple Stock Up 0.8 %

AAPL opened at $152.87 on Thursday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. The company has a fifty day moving average of $143.23 and a two-hundred day moving average of $145.95. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.04 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data 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). The firm had revenue of $117.15 billion during the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 EPS. On average, research analysts expect that Apple Inc. will post 6.04 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Apple’s previous quarterly dividend of $0.17. Apple’s payout ratio is currently 15.62%.

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.