Migdal Insurance & Financial Holdings Ltd. Has $207.61 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Migdal Insurance & Financial Holdings Ltd. lifted its position in Apple Inc. (NASDAQ:AAPL) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 985,700 shares of the iPhone maker’s stock after acquiring an additional 72,997 shares during the quarter. Apple accounts for approximately 3.5% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 8th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Apple were worth $207,608,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new stake in shares of Apple in the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC grew its stake in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. grew its holdings in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple in the fourth quarter valued at $85,000. 60.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays reaffirmed an “underweight” rating and set a $186.00 target price on shares of Apple in a report on Tuesday, October 1st. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Melius Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Tigress Financial raised their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.76.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 458,619 shares of company stock worth $101,352,630. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $226.80 on Friday. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average of $222.90 and a 200-day moving average of $204.06.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the firm earned $1.26 EPS. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

About Apple

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.