Vanguard Personalized Indexing Management LLC Has $328.39 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 11.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,566,922 shares of the iPhone maker’s stock after buying an additional 154,791 shares during the period. Apple makes up 6.2% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Apple were worth $328,385,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AAPL. Swedbank AB bought a new stake in shares of Apple in the first quarter valued at about $3,026,492,000. Strategic Financial Concepts LLC lifted its holdings in shares of Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after acquiring an additional 7,558,826 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 158.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after acquiring an additional 7,067,379 shares during the period. Lazard Asset Management LLC boosted its position in shares of Apple by 161.2% during the 1st quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock valued at $1,502,068,000 after acquiring an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Apple in the second quarter valued at about $834,368,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.6 %

NASDAQ:AAPL opened at $223.45 on Wednesday. The stock’s fifty day simple moving average is $226.98 and its 200-day simple moving average is $213.44. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 36.75, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. Equities research analysts expect that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,924 shares of company stock worth $94,142,399. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. Bank of America reaffirmed a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Loop Capital lowered their price target on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday. New Street Research reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Raymond James upped their target price on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Melius Research reissued a “buy” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Company 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.