Louisiana State Employees Retirement System lifted its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,305,000 shares of the iPhone maker’s stock after acquiring an additional 17,900 shares during the period. Apple accounts for about 5.6% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its largest holding. Louisiana State Employees Retirement System’s holdings in Apple were worth $304,065,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Apple by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock worth $11,160,183,000 after buying an additional 2,785,807 shares during the last quarter. Ameriprise Financial Inc. increased its position in Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after buying an additional 3,245,281 shares in the last quarter. American Century Companies Inc. raised its stake in Apple by 3.2% during the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock valued at $7,291,583,000 after buying an additional 1,065,759 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Apple by 13.4% in the second quarter. Swedbank AB now owns 20,008,650 shares of the iPhone maker’s stock worth $4,214,222,000 after acquiring an additional 2,359,409 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Apple Stock Performance
AAPL opened at $258.20 on Thursday. The firm has a market cap of $3.90 trillion, a P/E ratio of 42.47, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $258.21. The company has a 50 day simple moving average of $235.93 and a two-hundred day simple moving average of $226.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple’s dividend payout ratio (DPR) is 16.45%.
Analyst Ratings Changes
Several research firms have recently issued reports on AAPL. Moffett Nathanson lowered their price target on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research report on Tuesday, November 19th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Apple in a report on Friday, November 29th. UBS Group reiterated a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.
Check Out Our Latest Stock Analysis on AAPL
Insider Buying and Selling at Apple
In related news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last 90 days. 0.06% of the stock is owned by insiders.
Apple Profile
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.
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