Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in Apple Inc. (NASDAQ:AAPL) by 34.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 591,599 shares of the iPhone maker’s stock after buying an additional 152,310 shares during the period. Apple makes up approximately 3.7% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 8th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Apple were worth $137,843,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB acquired a new stake in Apple in the first quarter valued at about $3,026,492,000. Strategic Financial Concepts LLC grew its position in shares of Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after purchasing an additional 7,558,826 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Apple in the second quarter worth $834,368,000. Ameriprise Financial Inc. grew its holdings in shares of Apple by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock worth $10,909,457,000 after buying an additional 3,245,281 shares in the last quarter. Finally, Tairen Capital Ltd purchased a new position in shares of Apple during the 2nd quarter worth $588,952,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.9 %

NASDAQ AAPL opened at $254.49 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The stock has a market cap of $3.85 trillion, a PE ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $234.97 and a two-hundred day moving average price of $225.48.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the firm earned $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAPL shares. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. Citigroup lifted their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Tigress Financial upped their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Apple in a report on Friday, November 29th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is owned by insiders.

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.