AMP Capital Investors Ltd decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,694,390 shares of the iPhone maker’s stock after selling 40,467 shares during the period. Apple makes up about 2.3% of AMP Capital Investors Ltd’s investment portfolio, making the stock its largest holding. AMP Capital Investors Ltd owned about 0.05% of Apple worth $415,261,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Capital Research Global Investors lifted its stake in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Stifel Financial Corp lifted its stake in Apple by 9,166.4% in the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after acquiring an additional 3,841,842 shares during the last quarter. Harding Loevner LP lifted its stake in Apple by 784,734.3% in the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after acquiring an additional 3,295,884 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Apple by 200.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after acquiring an additional 3,178,809 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.
Shares of Apple Inc. (NASDAQ AAPL) opened at $181.72 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple Inc. has a 1 year low of $138.62 and a 1 year high of $182.39. The company has a market cap of $922,050.00, a P/E ratio of 17.78, a P/E/G ratio of 1.36 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.39%. Apple’s dividend payout ratio is presently 24.66%.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.
A number of analysts have commented on AAPL shares. UBS Group set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, November 14th. Wells Fargo & Co reiterated a “market perform” rating and issued a $195.00 price target on shares of Apple in a research note on Tuesday, November 14th. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $176.88 price target for the company. in a research note on Friday, November 17th. Nomura set a $185.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Apple in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $201.57.
Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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