Apple Inc. $AAPL Stock Holdings Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,679,767 shares of the iPhone maker’s stock after selling 59,900 shares during the quarter. Apple makes up about 5.8% of Chevy Chase Trust Holdings LLC’s holdings, making the stock its 3rd biggest holding. Chevy Chase Trust Holdings LLC owned 0.06% of Apple worth $1,985,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Ryan Investment Management Inc. purchased a new position in shares of Apple during the second quarter valued at $31,000. ROSS JOHNSON & Associates LLC grew its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Nexus Investment Management ULC grew its stake in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after acquiring an additional 200 shares in the last quarter. Elite Financial Inc. acquired a new position in shares of Apple in the 1st quarter valued at about $58,000. Finally, LSV Asset Management purchased a new stake in shares of Apple in the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AAPL. Wedbush reaffirmed an “outperform” rating on shares of Apple in a research report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of Apple in a research note on Monday, October 27th. Melius boosted their price target on shares of Apple from $290.00 to $345.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen lowered Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Seaport Res Ptn raised Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $278.22.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.2%

AAPL stock opened at $272.41 on Friday. The firm has a market cap of $4.03 trillion, a PE ratio of 41.34, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $277.32. The company has a fifty day simple moving average of $255.92 and a 200 day simple moving average of $226.95. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same period last year, the company earned $1.64 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

About Apple

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.