Apple Inc. $AAPL Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 28.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 185,014 shares of the iPhone maker’s stock after purchasing an additional 41,502 shares during the period. Apple accounts for 2.7% of Financiere des Professionnels Fonds d investissement inc.’s investment portfolio, making the stock its 6th largest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in Apple were worth $47,110,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. bought a new position in Apple during the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC lifted its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. Nexus Investment Management ULC lifted its position in shares of Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple during the 4th quarter worth approximately $65,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings in shares of Apple by 41.0% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock worth $88,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Trending Headlines about Apple

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Apple Trading Down 3.5%

Shares of AAPL stock opened at $246.70 on Wednesday. The stock has a market cap of $3.63 trillion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year 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. The stock has a 50 day simple moving average of $270.94 and a 200 day simple moving average of $249.55.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $1.64 EPS. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio is presently 13.92%.

Insider Buying and Selling

In other news, insider Chris Kondo sold 3,752 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the transaction, the insider directly owned 15,098 shares in the company, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price target on shares of Apple in a report on Tuesday. Monness Crespi & Hardt lifted their target price on shares of Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Argus set a $325.00 price target on shares of Apple and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. Finally, DA Davidson upped their target price on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $283.62.

View Our Latest Stock Report on AAPL

Apple Company Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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