Dynamic Technology Lab Private Ltd Lowers Stock Position in Apple Inc. (NASDAQ:AAPL)

Dynamic Technology Lab Private Ltd lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 38.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,638 shares of the iPhone maker’s stock after selling 12,805 shares during the quarter. Apple accounts for about 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 15th biggest position. Dynamic Technology Lab Private Ltd’s holdings in Apple were worth $4,809,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Davis R M Inc. lifted its stake in shares of Apple by 2.9% during the 3rd quarter. Davis R M Inc. now owns 1,119,159 shares of the iPhone maker’s stock worth $260,764,000 after purchasing an additional 31,019 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Apple by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock worth $13,657,308,000 after purchasing an additional 1,112,033 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Apple by 14.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,394,287 shares of the iPhone maker’s stock worth $790,862,000 after purchasing an additional 423,305 shares during the period. Garner Asset Management Corp lifted its stake in shares of Apple by 3.2% during the 3rd quarter. Garner Asset Management Corp now owns 43,691 shares of the iPhone maker’s stock worth $10,180,000 after purchasing an additional 1,343 shares during the period. Finally, Hartford Funds Management Co LLC lifted its stake in shares of Apple by 17.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 22,627 shares of the iPhone maker’s stock worth $5,272,000 after purchasing an additional 3,366 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AAPL shares. Barclays increased their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a research report on Monday, January 27th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, UBS Group reiterated a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Trading Down 0.7 %

NASDAQ AAPL opened at $236.00 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.39 and a beta of 1.20. The firm’s 50 day moving average price is $241.68 and its two-hundred day moving average price is $230.84.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Equities analysts anticipate that Apple Inc. will post 7.34 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction 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 owns 389,944 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider Chris Kondo sold 4,130 shares of Apple 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 completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple 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.