Trexquant Investment LP Buys Shares of 4,800 Apple Inc. (AAPL)
Trexquant Investment LP bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,800 shares of the iPhone maker’s stock, valued at approximately $691,000.
Several other institutional investors have also recently made changes to their positions in AAPL. Schwab Charles Investment Management Inc. grew its position in shares of Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after purchasing an additional 471,057 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after purchasing an additional 1,749,797 shares in the last quarter. Sanders Capital LLC grew its position in shares of Apple by 2.2% in the second quarter. Sanders Capital LLC now owns 8,184,799 shares of the iPhone maker’s stock valued at $1,282,930,000 after purchasing an additional 177,114 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Apple by 1.2% in the first quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after purchasing an additional 82,453 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in shares of Apple by 15.5% in the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after purchasing an additional 749,158 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.
AAPL has been the subject of a number of analyst reports. UBS AG restated a “buy” rating and issued a $170.00 price target on shares of Apple in a research report on Monday, July 31st. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and issued a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Wells Fargo & Company reiterated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Finally, Royal Bank Of Canada increased their price objective on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $200.28.
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Apple Inc. (AAPL) opened at $174.96 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market cap of $888,954.75, a P/E ratio of 18.82, a PEG ratio of 1.39 and a beta of 1.23. Apple Inc. has a 1-year low of $108.25 and a 1-year high of $176.24.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. analysts anticipate 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. Investors of record on Monday, November 13th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is presently 27.39%.
In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now directly owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 410,352 shares of company stock valued at $65,356,512. Company insiders own 0.08% of the company’s stock.
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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