Apple Inc. (AAPL) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,273,859 shares of the iPhone maker’s stock after selling 3,249 shares during the quarter. Apple accounts for approximately 2.5% of Bessemer Group Inc.’s holdings, making the stock its largest position. Bessemer Group Inc. owned approximately 0.08% of Apple worth $615,522,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hefty Wealth Partners lifted its position in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in Apple during the 1st quarter valued at $117,000. State of Alaska Department of Revenue purchased a new stake in Apple during the 2nd quarter valued at $149,000. D. Scott Neal Inc. raised its stake in Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 200 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC raised its stake in Apple by 4.0% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares during the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have weighed in on AAPL shares. Credit Suisse Group reiterated a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Sunday, July 9th. Canaccord Genuity reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, July 10th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 target price (up from $130.00) on shares of Apple in a research note on Tuesday, July 11th. KeyCorp reiterated a “hold” rating on shares of Apple in a research note on Monday, July 10th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $198.38.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the sale, the senior vice president now owns 76,250 shares of the company’s stock, valued at $12,367,750. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock valued at $85,864,804 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Apple Inc. (NASDAQ:AAPL) opened at $172.50 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.68. Apple Inc. has a twelve month low of $104.08 and a twelve month high of $174.26. The firm has a market cap of $891.00 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.36%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the firm posted $1.50 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts anticipate that Apple Inc. will post 10.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.46%. Apple’s dividend payout ratio (DPR) is currently 28.67%.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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