Socorro Asset Management LP lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 23.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,988 shares of the iPhone maker’s stock after selling 7,047 shares during the quarter. Socorro Asset Management LP’s holdings in Apple were worth $5,356,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apple by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after purchasing an additional 1,742,087 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Apple by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock valued at $13,657,308,000 after purchasing an additional 1,112,033 shares during the period. Institutional investors own 67.73% of the company’s stock.
Apple Trading Down 2.4 %
Shares of NASDAQ:AAPL opened at $227.63 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a fifty day moving average price of $241.45 and a 200 day moving average price of $230.97. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.42 trillion, a PE ratio of 36.13, a P/E/G ratio of 2.36 and a beta of 1.20.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is 15.87%.
Analysts Set New Price Targets
AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Evercore ISI lifted their target price on Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, Maxim Group increased their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $242.52.
View Our Latest Analysis on Apple
Insider Transactions at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.
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.
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