MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 46,819 Shares of Apple Inc. (NASDAQ:AAPL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in Apple Inc. (NASDAQ:AAPL) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,389 shares of the iPhone maker’s stock after selling 46,819 shares during the quarter. Apple accounts for approximately 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 12th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Apple were worth $61,635,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Apple by 254.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock worth $22,543,000 after purchasing an additional 76,870 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Apple by 11.6% during the 2nd quarter. NewEdge Advisors LLC now owns 2,239,346 shares of the iPhone maker’s stock worth $471,651,000 after purchasing an additional 232,933 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Apple by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,475,650 shares of the iPhone maker’s stock valued at $732,062,000 after acquiring an additional 92,821 shares in the last quarter. Front Row Advisors LLC boosted its stake in shares of Apple by 1.3% in the second quarter. Front Row Advisors LLC now owns 145,035 shares of the iPhone maker’s stock valued at $30,547,000 after buying an additional 1,797 shares during the period. Finally, Granite FO LLC acquired a new position in Apple in the second quarter valued at about $1,942,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 sale, the chief operating officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.8 %

AAPL stock opened at $213.49 on Friday. The stock has a 50-day simple moving average of $234.52 and a two-hundred day simple moving average of $233.77. The firm has a market capitalization of $3.21 trillion, a PE ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. 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 results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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 analysts predict 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 paid 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 0.47%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. Morgan Stanley cut their target price on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. UBS Group raised their target price on Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. 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. Finally, Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $243.22.

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.