Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Purchases Shares of 48,000 Apple Inc. (NASDAQ:AAPL)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,000 shares of the iPhone maker’s stock, valued at approximately $10,110,000. Apple comprises approximately 1.2% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Fortis Capital Advisors LLC grew its holdings in Apple by 6.7% during the 4th quarter. Fortis Capital Advisors LLC now owns 66,866 shares of the iPhone maker’s stock worth $12,874,000 after acquiring an additional 4,178 shares during the period. Wilson & Boucher Capital Management LLC boosted its position in shares of Apple by 5.0% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 38,792 shares of the iPhone maker’s stock valued at $7,469,000 after purchasing an additional 1,848 shares in the last quarter. Act Two Investors LLC grew its stake in Apple by 7.1% during the fourth quarter. Act Two Investors LLC now owns 97,097 shares of the iPhone maker’s stock worth $18,694,000 after purchasing an additional 6,445 shares during the period. Cape Investment Advisory Inc. increased its holdings in Apple by 67.1% in the fourth quarter. Cape Investment Advisory Inc. now owns 28,298 shares of the iPhone maker’s stock worth $5,448,000 after purchasing an additional 11,367 shares in the last quarter. Finally, DSM Capital Partners LLC acquired a new position in Apple in the fourth quarter valued at approximately $568,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 458,619 shares of company stock valued at $101,352,630. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

Shares of Apple stock opened at $226.80 on Friday. The stock has a fifty day moving average price of $222.90 and a 200-day moving average price of $204.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market cap of $3.48 trillion, a PE ratio of 35.27, a P/E/G ratio of 2.66 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. KeyCorp restated a “hold” rating and issued a $247.61 price target on shares of Apple in a report on Wednesday, August 28th. Moffett Nathanson initiated coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. Bank of America restated a “buy” rating and issued a $256.00 target price on shares of Apple in a research note on Thursday. Finally, Citigroup reaffirmed a “buy” rating and set a $255.00 price target on shares of Apple in a research note on Wednesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

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.