Markston International LLC Lowers Position in Apple Inc. (AAPL)

Markston International LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 402,981 shares of the iPhone maker’s stock after selling 7,984 shares during the period. Apple comprises about 5.7% of Markston International LLC’s investment portfolio, making the stock its biggest position. Markston International LLC’s holdings in Apple were worth $58,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Callan Capital LLC bought a new stake in Apple during the second quarter valued at about $263,000. Robeco Institutional Asset Management B.V. raised its holdings in Apple by 0.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,584,268 shares of the iPhone maker’s stock valued at $228,168,000 after acquiring an additional 7,868 shares during the period. Financial Advisory Group raised its holdings in Apple by 0.7% during the second quarter. Financial Advisory Group now owns 15,211 shares of the iPhone maker’s stock valued at $2,191,000 after acquiring an additional 101 shares during the period. Sfmg LLC raised its holdings in Apple by 0.6% during the second quarter. Sfmg LLC now owns 66,075 shares of the iPhone maker’s stock valued at $9,516,000 after acquiring an additional 392 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Apple by 410.0% during the second quarter. Penserra Capital Management LLC now owns 13,086 shares of the iPhone maker’s stock valued at $1,883,000 after acquiring an additional 10,520 shares during the period. Institutional investors own 59.56% of the company’s stock.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 217,326 shares of company stock valued at $35,290,561 in the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of equities research analysts have commented on AAPL shares. Barclays reissued a “hold” rating and set a $146.00 price target on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company reissued a “market perform” rating and set a $195.00 price target on shares of Apple in a report on Tuesday, November 14th. Royal Bank Of Canada raised their price target on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $164.42 price target on the stock. in a report on Monday, August 7th. Finally, UBS reissued a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, August 29th. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $200.27.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $169.80 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 52 week low of $108.25 and a 52 week high of $176.24. The firm has a market capitalization of $871,810.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts predict that Apple Inc. will post 11.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Apple’s dividend payout ratio (DPR) is presently 27.42%.

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Apple Company Profile

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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