Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,816,387 shares of the iPhone maker’s stock after selling 187,748 shares during the quarter. Apple comprises 3.9% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 4th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Apple were worth $656,218,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AAPL. Bull Oak Capital LLC increased its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter valued at $42,000. Christopher J. Hasenberg Inc boosted its holdings in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple in the 3rd quarter valued at about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Price Performance
NASDAQ:AAPL opened at $233.22 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock’s fifty day moving average is $241.49 and its two-hundred day moving average is $230.96. The company has a market capitalization of $3.51 trillion, a P/E ratio of 37.02, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts expect that Apple Inc. will post 7.33 EPS for the current year.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is currently 15.87%.
Insiders Place Their Bets
In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
AAPL has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their target price on shares of Apple from $280.00 to $294.00 and gave the company a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Maxim Group lifted their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Citigroup raised their target price on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $242.52.
View Our Latest Report on Apple
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.
See Also
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