Thurston Springer Miller Herd & Titak Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 10.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 81,786 shares of the iPhone maker’s stock after selling 9,876 shares during the period. Apple makes up about 2.2% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 4th biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Apple were worth $16,782,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC boosted its position in Apple by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock valued at $84,999,145,000 after buying an additional 6,307,413 shares during the period. Norges Bank purchased a new stake in Apple in the 4th quarter valued at about $46,868,648,000. Northern Trust Corp boosted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after buying an additional 13,137,968 shares during the period. 67.73% of the stock is currently owned by institutional investors.
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Insider Transactions at Apple
In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.
Apple Stock Up 0.4%
Shares of NASDAQ:AAPL opened at $238.99 on Thursday. The company has a market capitalization of $3.55 trillion, a PE ratio of 36.27, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The firm has a 50 day simple moving average of $223.15 and a 200-day simple moving average of $212.36.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is 15.78%.
Analyst Upgrades and Downgrades
AAPL has been the subject of several research reports. Melius Research set a $290.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, September 10th. Wedbush reissued an “outperform” rating and issued a $270.00 price objective on shares of Apple in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.93.
Read Our Latest Stock Report on AAPL
Apple Company Profile
(Free Report)
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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