Cubist Systematic Strategies LLC Cuts Stake in Apple Inc. (AAPL)
Cubist Systematic Strategies LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 62.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,850 shares of the iPhone maker’s stock after selling 11,609 shares during the period. Cubist Systematic Strategies LLC’s holdings in Apple were worth $987,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AAPL. Capital Research Global Investors boosted its position in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc boosted its position in Apple by 3.0% during the 2nd 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. Janus Henderson Group PLC lifted its position in shares of Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Swiss National Bank lifted its position in shares of Apple by 1.5% in the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Apple by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,282,663 shares of the iPhone maker’s stock worth $2,633,070,000 after purchasing an additional 645,015 shares during the period. 59.78% of the stock is owned by institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) opened at $172.67 on Tuesday. The firm has a market cap of $886,540.00, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. 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 Inc. has a 12 month low of $112.49 and a 12 month high of $176.24.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The business 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%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. equities research analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, November 10th. Apple’s payout ratio is presently 27.42%.
Several equities research analysts have recently commented on AAPL shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Apple in a research report on Monday, August 14th. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $164.97 target price for the company. in a research report on Tuesday, August 15th. Barclays reaffirmed a “hold” rating and issued a $146.00 target price on shares of Apple in a research report on Tuesday, August 15th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $176.00 target price on shares of Apple in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $200.27.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were 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 ninety days, insiders have sold 232,967 shares of company stock worth $37,944,683. Insiders own 0.08% of the company’s stock.
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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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