Apple Inc. (NASDAQ:AAPL) Shares Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 42.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,817 shares of the iPhone maker’s stock after acquiring an additional 50,431 shares during the quarter. Apple accounts for about 3.2% of Quantitative Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. Quantitative Investment Management LLC’s holdings in Apple were worth $29,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in Apple during the 4th quarter worth about $25,228,507,000. Aaron Wealth Advisors LLC raised its holdings in Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after buying an additional 25,989,570 shares during the period. State Street Corp raised its holdings in Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after buying an additional 10,951,705 shares during the period. Vanguard Group Inc. raised its holdings in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares during the period. Finally, Swiss National Bank raised its holdings in Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after buying an additional 8,230,300 shares during the period. 57.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a report on Tuesday, September 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 target price on shares of Apple in a report on Thursday. UBS Group set a $185.00 target price on Apple in a report on Thursday. Credit Suisse Group set a $201.00 target price on Apple in a report on Thursday. Finally, Rosenblatt Securities dropped their target price on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.31.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $157.37 on Friday. The business has a fifty day simple moving average of $158.47 and a 200 day simple moving average of $156.34. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $2.53 trillion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.00 and a beta of 1.23. Apple Inc. has a one year low of $129.04 and a one year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. Apple’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. Sell-side analysts expect that Apple Inc. will post 6.11 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.58%. Apple’s dividend payout ratio is currently 15.18%.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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