First Heartland Consultants Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,680 shares of the iPhone maker’s stock after selling 1,750 shares during the quarter. Apple comprises approximately 2.8% of First Heartland Consultants Inc.’s portfolio, making the stock its 3rd largest holding. First Heartland Consultants Inc.’s holdings in Apple were worth $8,957,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Janus Henderson Group PLC raised its position in shares of Apple by 18.8% during the 3rd quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after buying an additional 3,293,674 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Apple by 6.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after purchasing an additional 1,030,981 shares during the period. Swiss National Bank raised its position in Apple by 1.8% in the second quarter. Swiss National Bank now owns 16,874,216 shares of the iPhone maker’s stock valued at $3,123,586,000 after purchasing an additional 304,600 shares during the period. Fisher Asset Management LLC raised its position in Apple by 1.6% in the third quarter. Fisher Asset Management LLC now owns 12,349,066 shares of the iPhone maker’s stock valued at $2,787,678,000 after purchasing an additional 189,423 shares during the period. Finally, Magellan Asset Management Ltd raised its position in Apple by 0.4% in the second quarter. Magellan Asset Management Ltd now owns 10,723,676 shares of the iPhone maker’s stock valued at $1,985,060,000 after purchasing an additional 40,630 shares during the period. 56.40% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:AAPL opened at $183.73 on Friday. The firm has a market capitalization of $889.20 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Monday, February 11th were paid a $0.73 dividend. The ex-dividend date was Friday, February 8th. This represents a $2.92 annualized dividend and a dividend yield of 1.59%. Apple’s dividend payout ratio (DPR) is 24.52%.
A number of brokerages have issued reports on AAPL. Morgan Stanley reissued an “overweight” rating and issued a $253.00 target price on shares of Apple in a research report on Thursday, November 15th. Wells Fargo & Co set a $210.00 target price on Apple and gave the company a “neutral” rating in a research report on Monday, November 19th. Robert W. Baird reissued a “buy” rating and issued a $230.00 target price on shares of Apple in a research report on Monday, November 19th. Royal Bank of Canada reissued a “buy” rating and issued a $240.00 target price on shares of Apple in a research report on Monday, November 19th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $182.00 target price (down previously from $209.00) on shares of Apple in a research report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Apple currently has an average rating of “Hold” and a consensus price target of $193.19.
In related news, Director Arthur D. Levinson sold 1,521 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the transaction, the director now owns 1,134,804 shares in the company, valued at $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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