Apple Inc. (NASDAQ:AAPL) is Winslow Capital Management LLC’s 3rd Largest Position

Winslow Capital Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,850,106 shares of the iPhone maker’s stock after acquiring an additional 164,601 shares during the quarter. Apple accounts for about 6.3% of Winslow Capital Management LLC’s holdings, making the stock its 3rd largest position. Winslow Capital Management LLC owned about 0.05% of Apple worth $1,511,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC increased its position in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. PayPay Securities Corp increased its position in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. increased its position in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after buying an additional 140 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Apple in the fourth quarter worth $111,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 346,270 shares of company stock worth $60,880,196. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $162.00 to $188.00 in a research report on Friday, May 3rd. Tigress Financial raised their target price on Apple from $240.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 30th. Morgan Stanley reissued an “overweight” rating and issued a $216.00 target price on shares of Apple in a research report on Tuesday, June 4th. Rosenblatt Securities reissued a “neutral” rating and issued a $196.00 target price (up from $189.00) on shares of Apple in a research report on Friday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Apple in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.59.

View Our Latest Stock Analysis on Apple

Apple Trading Down 1.9 %

Shares of AAPL stock opened at $193.12 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $180.37 and a two-hundred day moving average price of $183.39. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The firm has a market cap of $2.96 trillion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.40 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 2nd that allows the company to buyback $110.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were issued a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is currently 15.55%.

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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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