Apple Inc. $AAPL is BSN CAPITAL PARTNERS Ltd’s 5th Largest Position

BSN CAPITAL PARTNERS Ltd trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 73.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 660,000 shares of the iPhone maker’s stock after selling 1,853,483 shares during the quarter. Apple comprises about 6.8% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 5th largest holding. BSN CAPITAL PARTNERS Ltd’s holdings in Apple were worth $139,676,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC raised its position in Apple by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock worth $84,999,145,000 after buying an additional 6,307,413 shares during the last quarter. Norges Bank purchased a new position in Apple during the 4th quarter worth approximately $46,868,648,000. Northern Trust Corp grew its stake in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 3.2%

Shares of NASDAQ:AAPL opened at $226.79 on Thursday. The firm’s 50-day moving average is $220.75 and its two-hundred day moving average is $212.60. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The firm has a market capitalization of $3.37 trillion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.11.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Friday, August 1st. BMO Capital Markets reiterated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Bank of America lifted their price target on Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $266.00 price target on shares of Apple in a report on Tuesday, August 26th. Finally, Citigroup reiterated a “buy” rating on shares of Apple in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.16.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Company Profile

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.