Apple Inc. (NASDAQ:AAPL) is APG Asset Management N.V.’s 2nd Largest Position

APG Asset Management N.V. lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,381,791 shares of the iPhone maker’s stock after selling 1,221,638 shares during the period. Apple makes up 4.7% of APG Asset Management N.V.’s portfolio, making the stock its 2nd biggest position. APG Asset Management N.V. owned about 0.09% of Apple worth $2,629,786,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC raised its holdings in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Apple in the first quarter valued at about $140,000. Hoese & Co LLP grew its position in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new stake in shares of Apple in the second quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Apple in a research report on Monday, September 9th. UBS Group raised their price target on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and raised their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Loop Capital decreased their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

Insider Buying and Selling

In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on 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 directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 412,746 shares of company stock worth $93,021,362. 0.06% of the stock is owned by company insiders.

Apple Price Performance

NASDAQ:AAPL opened at $224.23 on Wednesday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a 50-day moving average of $226.72 and a 200 day moving average of $215.06. The firm has a market cap of $3.39 trillion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. 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 (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. As a group, research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.