Shine Investment Advisory Services Inc. grew its stake in Apple Inc. (NASDAQ:AAPL) by 24.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,153 shares of the iPhone maker’s stock after purchasing an additional 1,008 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Apple were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in Apple by 2.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares during the period. Canada Pension Plan Investment Board boosted its position in Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares during the period. Sanders Capital LLC boosted its position in Apple by 2.2% during the 2nd quarter. Sanders Capital LLC now owns 8,184,799 shares of the iPhone maker’s stock worth $1,282,930,000 after buying an additional 177,114 shares during the period. Clearbridge Investments LLC boosted its position in Apple by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock worth $979,160,000 after buying an additional 82,453 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Apple by 15.5% during the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after buying an additional 749,158 shares during the period. Institutional investors own 59.87% of the company’s stock.

Several research firms recently commented on AAPL. UBS AG set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Company reiterated a “market perform” rating and set a $195.00 target price on shares of Apple in a research report on Tuesday, November 14th. Argus lifted their target price on shares of Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $176.88 target price on the stock. in a research report on Friday. Finally, set a $193.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $200.24.

In other news, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 410,352 shares of company stock valued at $65,356,512. Corporate insiders own 0.08% of the company’s stock.

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Shares of Apple Inc. (AAPL) opened at $169.98 on Tuesday. The stock has a market capitalization of $872,730.00, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25. Apple Inc. has a 52 week low of $108.25 and a 52 week high of $176.24. 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 (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. equities research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. Apple’s dividend payout ratio is currently 27.42%.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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