HighVista Strategies LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 30.4% during the first quarter, Holdings Channel reports. The fund owned 32,500 shares of the iPhone maker’s stock after selling 14,200 shares during the period. Apple accounts for about 1.0% of HighVista Strategies LLC’s holdings, making the stock its 23rd largest position. HighVista Strategies LLC’s holdings in Apple were worth $4,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AAPL. Stonehearth Capital Management LLC boosted its position in Apple by 0.8% in the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after buying an additional 20 shares in the last quarter. Noven Financial Group Inc. boosted its position in Apple by 0.3% in the fourth quarter. Noven Financial Group Inc. now owns 7,396 shares of the iPhone maker’s stock valued at $857,000 after buying an additional 22 shares in the last quarter. Sippican Capital Advisors boosted its position in Apple by 0.5% in the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after buying an additional 26 shares in the last quarter. Cordasco Financial Network boosted its position in Apple by 1.0% in the first quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock valued at $457,000 after buying an additional 31 shares in the last quarter. Finally, Wall Street Access Asset Management LLC boosted its position in Apple by 0.3% in the fourth quarter. Wall Street Access Asset Management LLC now owns 18,345 shares of the iPhone maker’s stock valued at $2,124,000 after buying an additional 50 shares in the last quarter. Institutional investors own 61.13% of the company’s stock.

Apple Inc. (AAPL) traded down 1.0003% on Thursday, hitting $158.8252. The company had a trading volume of 7,881,782 shares. The firm’s 50 day moving average price is $149.31 and its 200 day moving average price is $143.92. Apple Inc. has a 12-month low of $102.53 and a 12-month high of $161.83. The stock has a market cap of $820.37 billion, a P/E ratio of 18.0319 and a beta of 1.31. Apple also saw some unusual options trading on Tuesday. Stock investors purchased 139,415 put options on the stock. This is an increase of 119% compared to the typical daily volume of 63,733 put options.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.42 earnings per share. Equities analysts predict that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, August 10th. Apple’s dividend payout ratio is currently 28.64%.

Apple announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 2nd that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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Several equities analysts have issued reports on the stock. Drexel Hamilton restated a “buy” rating and set a $208.00 target price on shares of Apple in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $160.08 target price (down previously from $176.00) on shares of Apple in a research note on Wednesday. UBS AG reiterated a “buy” rating on shares of Apple in a research note on Tuesday. Rosenblatt Securities reiterated a “neutral” rating and issued a $150.00 price objective (up previously from $120.00) on shares of Apple in a research note on Tuesday. Finally, Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $164.42 price objective on the stock. in a research note on Monday. Thirteen analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $167.32.

In other news, Director Arthur D. Levinson sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at $184,098,035.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Federighi sold 64,500 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $153.62, for a total value of $9,908,490.00. Following the completion of the sale, the insider now directly owns 447,151 shares in the company, valued at $68,691,336.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 299,911 shares of company stock worth $46,557,634. 0.08% of the stock is currently owned by company insiders.

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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