Apple Inc. (NASDAQ:AAPL) Stake Lessened by Robecosam AG

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Robecosam AG lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 25.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the iPhone maker’s stock after selling 3,000 shares during the period. Robecosam AG’s holdings in Apple were worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Fisher Asset Management LLC boosted its holdings in Apple by 4.1% during the second quarter. Fisher Asset Management LLC now owns 13,738,592 shares of the iPhone maker’s stock valued at $2,719,142,000 after acquiring an additional 546,597 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock valued at $1,929,054,000 after acquiring an additional 414,856 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in Apple by 19,949.3% during the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock valued at $1,005,513,000 after acquiring an additional 10,004,976 shares during the period. Sanders Capital LLC boosted its holdings in Apple by 3.0% during the second quarter. Sanders Capital LLC now owns 8,376,114 shares of the iPhone maker’s stock valued at $1,815,725,000 after acquiring an additional 241,940 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Apple by 4.0% during the first quarter. Clearbridge Investments LLC now owns 7,652,260 shares of the iPhone maker’s stock valued at $1,453,547,000 after acquiring an additional 295,102 shares during the period. Institutional investors own 59.21% of the company’s stock.

NASDAQ AAPL opened at $203.92 on Wednesday. The firm has a market cap of $915.77 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.69 and a beta of 1.25. The company has a 50 day moving average of $205.07 and a 200-day moving average of $193.47. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.08. The company had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. On average, analysts forecast that Apple Inc. will post 11.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, August 9th. Apple’s payout ratio is 25.86%.

Apple announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 30th that authorizes the company to repurchase $75.00 billion in shares. This repurchase authorization authorizes the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have issued reports on AAPL shares. Nomura upped their price target on shares of Apple from $180.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Canaccord Genuity restated a “buy” rating and set a $240.00 price target (up from $202.00) on shares of Apple in a report on Wednesday, July 31st. Argus upped their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Cascend Securities restated a “buy” rating and set a $240.00 price target (up from $210.00) on shares of Apple in a report on Thursday, June 20th. Finally, Jefferies Financial Group upped their price target on shares of Apple from $160.00 to $210.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $217.25.

In related news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total transaction of $951,648.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 304,536 shares of company stock valued at $62,894,611. Company insiders own 0.05% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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