Apple Inc. (NASDAQ:AAPL) is Caisse DE Depot ET Placement DU Quebec’s 4th Largest Position

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,098,665 shares of the iPhone maker’s stock after selling 1,322,800 shares during the period. Apple accounts for about 3.3% of Caisse DE Depot ET Placement DU Quebec’s investment portfolio, making the stock its 4th largest position. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Apple worth $1,119,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. IFM Investors Pty Ltd raised its stake in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp raised its stake in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Camden Capital LLC raised its stake in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC raised its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares in the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Apple stock opened at $150.47 on Tuesday. The business has a 50 day simple moving average of $144.43 and a 200 day simple moving average of $145.41. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The company has a market capitalization of $2.38 trillion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The business had revenue of $117.15 billion during the quarter, compared to the consensus estimate of $121.67 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Cowen cut their price objective on Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Credit Suisse Group set a $184.00 price objective on Apple in a research note on Monday, February 6th. Fundamental Research reissued a “buy” rating and issued a $168.00 price objective on shares of Apple in a research note on Tuesday, February 14th. Bank of America raised their price objective on Apple from $153.00 to $158.00 in a research note on Friday, February 3rd. Finally, Cowen cut their price objective on Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $168.24.

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.