Apple Inc. (NASDAQ:AAPL) Shares Acquired by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,033 shares of the iPhone maker’s stock after purchasing an additional 2,033 shares during the period. Apple makes up approximately 5.0% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 3rd biggest position. Te Ahumairangi Investment Management Ltd’s holdings in Apple were worth $28,041,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Wealthquest Corp raised its position in Apple by 0.9% during the third quarter. Wealthquest Corp now owns 49,732 shares of the iPhone maker’s stock valued at $11,250,000 after purchasing an additional 457 shares in the last quarter. Passumpsic Savings Bank raised its position in Apple by 9.4% during the third quarter. Passumpsic Savings Bank now owns 3,528 shares of the iPhone maker’s stock valued at $822,000 after purchasing an additional 303 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of Apple by 1.7% during the third quarter. McIlrath & Eck LLC now owns 56,230 shares of the iPhone maker’s stock worth $13,101,000 after buying an additional 940 shares in the last quarter. Discipline Wealth Solutions LLC acquired a new position in shares of Apple during the third quarter worth $2,013,000. Finally, Unigestion Holding SA increased its holdings in shares of Apple by 358.2% during the third quarter. Unigestion Holding SA now owns 200,231 shares of the iPhone maker’s stock worth $46,652,000 after buying an additional 156,535 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $244.60 on Friday. The stock has a market capitalization of $3.67 trillion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company’s 50-day moving average is $240.67 and its 200-day moving average is $231.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the 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 approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Citigroup upped their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays upped their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $325.00 price target on shares of Apple in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Morgan Stanley upped their price target on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. 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 two have assigned a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

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.