Apple Inc. (AAPL) is Pictet North America Advisors SA’s 2nd Largest Position
Pictet North America Advisors SA boosted its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 249,495 shares of the iPhone maker’s stock after purchasing an additional 3,857 shares during the quarter. Apple comprises 6.1% of Pictet North America Advisors SA’s portfolio, making the stock its 2nd largest position. Pictet North America Advisors SA’s holdings in Apple were worth $38,452,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares in the last quarter. Capital Research Global Investors lifted its position in Apple by 15.0% during the second 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after buying an additional 3,178,809 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after purchasing an additional 2,138,928 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Apple by 21.6% during the second quarter. Parametric Portfolio Associates LLC now owns 11,991,909 shares of the iPhone maker’s stock worth $1,727,075,000 after purchasing an additional 2,132,900 shares in the last quarter. Hedge funds and other institutional investors own 59.70% of the company’s stock.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.36 earnings per share. analysts forecast that Apple Inc. will post 11.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is currently 24.66%.
A number of research analysts have recently commented on AAPL shares. Citigroup reissued a “buy” rating and set a $200.00 target price on shares of Apple in a research report on Wednesday, December 13th. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities boosted their target price on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura set a $185.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, UBS Group reissued a “buy” rating and set a $190.00 target price (up from $180.00) on shares of Apple in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $201.58.
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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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