Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 352,529 shares of the iPhone maker’s stock after acquiring an additional 26,724 shares during the period. Apple accounts for about 2.9% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 2nd largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Apple were worth $78,955,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. grew its position in Apple by 4.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after purchasing an additional 414,856 shares in the last quarter. WT Asset Management Ltd purchased a new position in Apple during the 1st quarter worth approximately $35,342,000. Centaurus Financial Inc. grew its position in Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares in the last quarter. Bath Savings Trust Co grew its position in Apple by 0.9% during the 2nd quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock worth $22,354,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Thomasville National Bank grew its position in Apple by 1.0% during the 2nd quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock worth $21,392,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors own 58.65% of the company’s stock.
AAPL has been the topic of several research analyst reports. Wedbush lifted their price objective on shares of Apple from $245.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. DZ Bank restated a “neutral” rating on shares of Apple in a report on Wednesday, September 11th. HSBC set a $190.00 price target on shares of Apple and gave the company a “sell” rating in a report on Thursday, September 26th. Canaccord Genuity restated a “buy” rating and set a $260.00 price target (up from $240.00) on shares of Apple in a report on Wednesday, October 9th. Finally, Cascend Securities boosted their price target on shares of Apple from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $223.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. The firm had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. Apple’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 11.68 EPS for the current fiscal year.
In other Apple news, insider Chris Kondo sold 3,932 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total transaction of $917,178.32. Following the completion of the transaction, the insider now owns 15,464 shares of the company’s stock, valued at approximately $3,607,132.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 12,459 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the transaction, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at approximately $13,531,958.76. The disclosure for this sale can be found here. Insiders sold 450,140 shares of company stock valued at $95,606,404 over the last quarter. 0.05% of the stock is currently owned by corporate insiders.
Apple Company Profile
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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