FUKOKU MUTUAL LIFE INSURANCE Co Has $11.87 Million Stake in Apple Inc. $AAPL

FUKOKU MUTUAL LIFE INSURANCE Co cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,844 shares of the iPhone maker’s stock after selling 5,103 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Apple were worth $11,868,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Winnow Wealth LLC acquired a new position in shares of Apple in the second quarter worth approximately $329,000. Mizuho Securities Co. Ltd. lifted its position in shares of Apple by 66.3% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 1,430 shares of the iPhone maker’s stock worth $293,000 after purchasing an additional 570 shares during the period. NFP Retirement Inc. lifted its position in shares of Apple by 0.4% in the 2nd quarter. NFP Retirement Inc. now owns 72,199 shares of the iPhone maker’s stock worth $14,813,000 after purchasing an additional 313 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of Apple by 2.7% in the 2nd quarter. Westfield Capital Management Co. LP now owns 3,494,184 shares of the iPhone maker’s stock valued at $716,902,000 after purchasing an additional 93,001 shares during the last quarter. Finally, PKS Advisory Services LLC increased its position in shares of Apple by 98,917.0% during the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock worth $12,106,000 after buying an additional 57,898,088 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. This represents a 20.83% decrease in their position. The transaction 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 stock in a transaction dated 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 completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 228,052 shares of company stock worth $58,604,588. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AAPL shares. CLSA upped their price target on shares of Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Wells Fargo & Company set a $300.00 price target on Apple and gave the company an “overweight” rating in a research note on Friday, October 31st. Phillip Securities downgraded shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research report on Thursday, September 11th. HSBC set a $220.00 target price on shares of Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $282.51.

Apple Price Performance

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

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion during 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. Research analysts expect 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. Shareholders of record on Monday, November 10th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 13.92%.

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.