Apple Inc. $AAPL Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,342,611 shares of the iPhone maker’s stock after selling 44,536 shares during the period. Apple comprises about 4.0% of Raiffeisen Bank International AG’s portfolio, making the stock its 4th biggest position. Raiffeisen Bank International AG’s holdings in Apple were worth $270,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. purchased a new stake in shares of Apple during the 2nd quarter worth $31,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Nexus Investment Management ULC lifted its stake in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. Elite Financial Inc. purchased a new stake in shares of Apple during the 1st quarter worth approximately $58,000. Finally, LSV Asset Management purchased a new stake in Apple in the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction that occurred 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 sale, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AAPL shares. DA Davidson raised their price target on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Cowen reissued a “buy” rating on shares of Apple in a research report on Monday, October 27th. Loop Capital reaffirmed a “buy” rating and set a $325.00 price objective (up from $315.00) on shares of Apple in a research note on Tuesday. TD Cowen increased their price objective on Apple from $275.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Seaport Res Ptn raised Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.09.

Apple Stock Performance

NASDAQ AAPL opened at $278.78 on Friday. The stock has a market capitalization of $4.12 trillion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.61 and a beta of 1.10. The business’s 50 day moving average is $266.03 and its two-hundred day moving average is $234.26. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating 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 firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

About Apple

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.