Apple Inc. (NASDAQ:AAPL) is UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s 3rd Largest Position

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,568,390 shares of the iPhone maker’s stock after purchasing an additional 1,742,087 shares during the period. Apple accounts for approximately 5.5% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 3rd largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of Apple worth $21,335,435,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in Apple by 15.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,080,886 shares of the iPhone maker’s stock worth $950,846,000 after purchasing an additional 556,375 shares in the last quarter. Fiduciary Trust Co increased its position in shares of Apple by 0.5% during the third quarter. Fiduciary Trust Co now owns 1,602,167 shares of the iPhone maker’s stock valued at $373,305,000 after buying an additional 8,651 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Apple by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039,914 shares of the iPhone maker’s stock worth $1,873,300,000 after buying an additional 308,469 shares in the last quarter. MayTech Global Investments LLC boosted its position in shares of Apple by 13.0% in the third quarter. MayTech Global Investments LLC now owns 194,132 shares of the iPhone maker’s stock valued at $45,233,000 after acquiring an additional 22,284 shares during the period. Finally, Providence Capital Advisors LLC grew its stake in Apple by 1.2% during the third quarter. Providence Capital Advisors LLC now owns 67,598 shares of the iPhone maker’s stock valued at $15,750,000 after acquiring an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.1 %

AAPL stock opened at $232.47 on Thursday. The stock has a market cap of $3.49 trillion, a P/E ratio of 36.90, a PEG ratio of 2.36 and a beta of 1.20. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The business’s 50-day moving average price is $241.54 and its 200-day moving average price is $230.95. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts forecast that Apple Inc. will post 7.33 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Insider Activity

In related 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 value 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. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, 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. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Monness Crespi & Hardt lifted their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of Apple in a report on Friday, January 31st. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

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.