Clal Insurance Enterprises Holdings Ltd Has $82.66 Million Holdings in Apple Inc. $AAPL

Clal Insurance Enterprises Holdings Ltd lessened its position in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 402,864 shares of the iPhone maker’s stock after selling 2,100 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Apple were worth $82,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. purchased a new position in Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC grew its position in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Elite Financial Inc. acquired a new position in Apple in the 1st quarter valued at approximately $58,000. Finally, LSV Asset Management purchased a new stake in Apple in the 4th quarter worth approximately $65,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 0.3%

AAPL stock opened at $277.18 on Wednesday. The stock has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a 50-day moving average of $266.95 and a two-hundred day moving average of $235.60. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is 13.92%.

Insider Buying and Selling

In related 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 transaction of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were 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 approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 228,052 shares of company stock valued at $58,604,588 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AAPL. Robert W. Baird set a $300.00 price target on shares of Apple in a report on Friday, October 31st. Wedbush set a $350.00 target price on Apple and gave the company an “outperform” rating in a research note on Monday. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and upped their target price for the stock from $203.07 to $246.99 in a research report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Apple in a report on Monday, October 27th. Finally, TD Cowen boosted their price target on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.51.

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.