Apple Inc. (NASDAQ:AAPL) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,471,257 shares of the iPhone maker’s stock after purchasing an additional 24,899 shares during the quarter. Pacer Advisors Inc.’s holdings in Apple were worth $342,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. International Assets Investment Management LLC raised its holdings in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Apple by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock worth $11,160,183,000 after buying an additional 2,785,807 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Apple by 6.7% in the 2nd 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. American Century Companies Inc. lifted its holdings in shares of Apple by 3.2% in the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock valued at $7,291,583,000 after buying an additional 1,065,759 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Apple by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker’s stock valued at $8,035,283,000 after buying an additional 432,140 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.7 %

Shares of Apple stock opened at $237.62 on Friday. The company has a market capitalization of $3.57 trillion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business has a 50-day moving average of $241.37 and a two-hundred day moving average of $230.81. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio is currently 16.45%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AAPL shares. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $211.84 to $200.75 in a research note on Thursday. TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 target price on shares of Apple in a report on Monday. Finally, Bank of America reissued a “buy” rating and issued a $253.00 price target (down previously from $256.00) on shares of Apple in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $238.05.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.