Asset Management Advisors LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 91,593 shares of the iPhone maker’s stock after selling 6,085 shares during the period. Apple makes up 11.1% of Asset Management Advisors LLC’s portfolio, making the stock its 2nd largest holding. Asset Management Advisors LLC’s holdings in Apple were worth $12,153,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in AAPL. State Street Corp lifted its stake in shares of Apple by 279.3% during the 3rd quarter. State Street Corp now owns 672,444,836 shares of the iPhone maker’s stock valued at $77,875,836,000 after buying an additional 495,180,468 shares in the last quarter. Morgan Stanley lifted its position in shares of Apple by 283.3% in the third quarter. Morgan Stanley now owns 124,613,848 shares of the iPhone maker’s stock valued at $14,431,530,000 after acquiring an additional 92,101,156 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 296.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,699,382 shares of the iPhone maker’s stock worth $9,114,176,000 after acquiring an additional 58,823,499 shares during the period. Swiss National Bank grew its position in shares of Apple by 290.0% during the third quarter. Swiss National Bank now owns 67,699,096 shares of the iPhone maker’s stock worth $7,840,232,000 after purchasing an additional 50,340,997 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Apple by 301.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 66,313,487 shares of the iPhone maker’s stock worth $7,679,765,000 after purchasing an additional 49,792,917 shares during the period. 57.77% of the stock is currently owned by institutional investors.
AAPL has been the subject of a number of research reports. The Goldman Sachs Group restated a “sell” rating and set a $75.00 target price on shares of Apple in a research report on Thursday, November 19th. UBS Group set a $115.00 target price on Apple and gave the stock a “neutral” rating in a research report on Thursday, January 28th. Cowen raised their price target on Apple from $133.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, January 22nd. Loop Capital upped their price objective on Apple from $131.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, January 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $150.00 price target on shares of Apple in a research report on Monday, January 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $133.61.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.27. Apple had a return on equity of 75.15% and a net margin of 20.91%. The firm had revenue of $111.40 billion during the quarter, compared to the consensus estimate of $103.24 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 4.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 5th. Apple’s dividend payout ratio (DPR) is currently 25.00%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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