Apple Inc. $AAPL Shares Purchased by Aviva PLC

Aviva PLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,488,541 shares of the iPhone maker’s stock after purchasing an additional 724,981 shares during the quarter. Apple comprises 4.9% of Aviva PLC’s holdings, making the stock its 3rd biggest position. Aviva PLC owned 0.08% of Apple worth $2,357,104,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AAPL. Baker Boyer National Bank boosted its stake in Apple by 0.3% in the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after acquiring an additional 47 shares during the last quarter. Salus Financial Advisors LLC lifted its stake in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares during the period. Red Tortoise LLC boosted its position in shares of Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after purchasing an additional 49 shares during the last quarter. SigFig Wealth Management LLC grew its stake in shares of Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after purchasing an additional 50 shares during the period. Finally, Shariaportfolio Inc. grew its stake in shares of Apple by 1.3% during the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after purchasing an additional 50 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 1.2%

AAPL opened at $280.70 on Friday. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 37.58, a P/E/G ratio of 2.65 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The firm’s fifty day simple moving average is $265.56 and its 200 day simple moving average is $233.58.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. As a group, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America raised their target price on Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. UBS Group increased their price target on shares of Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Melius Research set a $345.00 price objective on shares of Apple in a report on Friday, October 31st. TD Cowen upped their target price on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.53.

Apple 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.