Chartwell Investment Partners LLC Decreases Position in Apple Inc. (AAPL)
Chartwell Investment Partners LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,825 shares of the iPhone maker’s stock after selling 5,945 shares during the quarter. Apple comprises 1.1% of Chartwell Investment Partners LLC’s holdings, making the stock its 2nd biggest position. Chartwell Investment Partners LLC’s holdings in Apple were worth $28,922,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC grew its position in Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after buying an additional 4,483,360 shares during the period. Canada Pension Plan Investment Board grew its position in Apple by 23.2% during 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 buying an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in Apple during the first quarter valued at $190,134,000. State of Wisconsin Investment Board grew its position in Apple by 16.0% during the second quarter. State of Wisconsin Investment Board now owns 6,469,099 shares of the iPhone maker’s stock valued at $931,680,000 after buying an additional 890,548 shares during the period. Finally, Legal & General Group Plc grew its position in Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after buying an additional 771,046 shares during the period. Institutional investors and hedge funds own 59.41% of the company’s stock.
Several equities analysts have issued reports on AAPL shares. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a report on Friday. Barclays reaffirmed a “hold” rating and set a $146.00 price objective on shares of Apple in a report on Tuesday, August 15th. UBS reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, August 8th. FBN Securities reissued a “buy” rating and issued a $180.00 price target (up from $160.00) on shares of Apple in a research note on Thursday, August 3rd. Finally, Nomura set a $185.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, September 25th. Seven research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus target price of $200.27.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,965 shares of company stock worth $24,074,614. 0.08% of the stock is owned by company insiders.
Apple Inc. (AAPL) opened at $171.85 on Friday. Apple Inc. has a 12 month low of $108.25 and a 12 month high of $176.24. The stock has a market capitalization of $881,820.00, a PE ratio of 18.81, a PEG ratio of 1.39 and a beta of 1.25. 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 earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. sell-side analysts anticipate that Apple Inc. will post 11.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.47%. Apple’s dividend payout ratio is presently 27.42%.
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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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