Apple Inc. (NASDAQ:AAPL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

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Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,047,874 shares of the iPhone maker’s stock after selling 371,340 shares during the period. Apple makes up about 3.7% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its biggest holding. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Apple were worth $4,266,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Elwood & Goetz Wealth Advisory Group LLC boosted its position in Apple by 3.1% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock valued at $365,000 after buying an additional 49 shares during the last quarter. Roanoke Asset Management Corp NY boosted its position in Apple by 1.1% in the 2nd quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock valued at $873,000 after buying an additional 50 shares during the last quarter. Marquette Asset Management LLC boosted its position in Apple by 1.4% in the 3rd quarter. Marquette Asset Management LLC now owns 3,556 shares of the iPhone maker’s stock valued at $796,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Apple by 0.4% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock valued at $2,567,000 after buying an additional 51 shares during the last quarter. Finally, Chase Investment Counsel Corp boosted its position in Apple by 2.9% in the 3rd quarter. Chase Investment Counsel Corp now owns 1,822 shares of the iPhone maker’s stock valued at $408,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.

AAPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a price objective on shares of Apple in a research report on Thursday, October 31st. DA Davidson upped their price objective on shares of Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Credit Suisse Group upped their price objective on shares of Apple from $209.00 to $221.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Sanford C. Bernstein set a $205.00 price objective on shares of Apple and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, BidaskClub upgraded shares of Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has a consensus rating of “Hold” and an average target price of $239.51.

In related news, Director Arthur D. Levinson sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the sale, the director now directly owns 1,150,783 shares in the company, valued at $232,101,423.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Deirdre O’brien sold 12,459 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the sale, the senior vice president now owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The disclosure for this sale can be found here. Insiders have sold 465,658 shares of company stock valued at $100,549,205 over the last 90 days. 0.05% of the stock is currently owned by insiders.

AAPL opened at $260.14 on Friday. The firm has a market cap of $1,142.50 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $260.44. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $235.37 and its 200 day moving average price is $209.53.

Apple (NASDAQ:AAPL) last issued its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.19. The firm had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. Apple had a net margin of 21.24% and a return on equity of 53.82%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. Research analysts anticipate that Apple Inc. will post 13.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, November 7th. Apple’s payout ratio is 25.90%.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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