IFM Investors Pty Ltd boosted its position in Apple Inc. (NASDAQ:AAPL) by 49.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 497,764 shares of the iPhone maker’s stock after acquiring an additional 164,075 shares during the period. Apple accounts for approximately 4.1% of IFM Investors Pty Ltd’s portfolio, making the stock its largest holding. IFM Investors Pty Ltd’s holdings in Apple were worth $111,484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AAPL. Elwood & Goetz Wealth Advisory Group LLC lifted its position in Apple by 3.1% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock worth $365,000 after buying an additional 49 shares during the last quarter. Roanoke Asset Management Corp NY lifted its position in Apple by 1.1% in the second quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock valued at $873,000 after purchasing an additional 50 shares during the last quarter. Marquette Asset Management LLC lifted its position in Apple by 1.4% in the third quarter. Marquette Asset Management LLC now owns 3,556 shares of the iPhone maker’s stock valued at $796,000 after purchasing an additional 50 shares during the last quarter. Cohen Capital Management Inc. lifted its position in Apple by 2.1% in the third quarter. Cohen Capital Management Inc. now owns 2,458 shares of the iPhone maker’s stock valued at $551,000 after purchasing an additional 50 shares during the last quarter. Finally, Guardian Life Insurance Co. of America lifted its position in Apple by 0.4% in the second quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock valued at $2,567,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 59.62% of the company’s stock.

Several analysts have weighed in on the company. Barclays boosted their price objective on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Wells Fargo & Co boosted their price objective on Apple from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Needham & Company LLC boosted their price objective on Apple to $280.00 and gave the company an “average” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank boosted their price objective on Apple from $210.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has an average rating of “Hold” and a consensus target price of $242.49.

In related news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 37,394 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the sale, the director now directly owns 1,170,677 shares in the company, valued at $301,788,823.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 448,158 shares of company stock worth $97,019,630. 0.05% of the stock is owned by insiders.

Shares of Apple stock traded up $0.63 during midday trading on Wednesday, reaching $262.44. 359,598 shares of the company’s stock traded hands, compared to its average volume of 28,429,287. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54. The company has a market cap of $1,155.87 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a 50 day moving average of $237.93 and a 200-day moving average of $210.36. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $262.79.

Apple (NASDAQ:AAPL) last announced its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $64.04 billion during the quarter, compared to the consensus estimate of $62.86 billion. Apple had a return on equity of 53.82% and a net margin of 21.24%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.91 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 13.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 annualized dividend and a yield of 1.17%. Apple’s payout ratio is 25.90%.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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