Apple Inc. (NASDAQ:AAPL) is AEGON ASSET MANAGEMENT UK Plc’s second largest holding


AEGON ASSET MANAGEMENT UK Plc reduced its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 5.8% in the first quarter, Holdings Channel reports. The institutional investor owned 3,242,256 shares of the iPhone maker after selling 199,490 shares during the period. Apple accounts for about 8.4% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its second-largest holding. AEGON ASSET MANAGEMENT UK Plc’s interest in Apple was US$566,325,000 at the time of the most recent filing with the Securities & Exchange Commission.

Other major investors also recently increased or reduced their stakes in the company. State Street Corp increased its holdings of Apple shares by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after purchasing an additional 10,951,705 shares during the period. Geode Capital Management LLC increased its holdings of Apple shares by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock valued at $46,812,958,000 after purchasing an additional 4,456,954 shares during the period. Norges Bank acquired a new position in Apple stock worth $25,228,507,000 during the fourth quarter. Charles Schwab Investment Management Inc. increased its holdings of Apple shares by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,583,859 shares of the iPhone maker’s stock valued at $14,131,710,000 after purchasing an additional 1,273,148 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Apple by 5.1% during the fourth quarter. Fisher Asset Management LLC now owns 63,982,104 shares of the iPhone maker’s stock valued at $11,361,302,000 after purchasing an additional 3,096,696 shares during the period. 57.98% of the shares are currently owned by hedge funds and other institutional investors.

Apple trade up 3.8%

Shares of AAPL stock opened at $166.13 on Thursday. The company’s 50-day moving average is $145.58 and its 200-day moving average is $157.20. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a market cap of $2.69 trillion, a P/E of 27.41, a price-to-earnings-to-growth ratio of 2.09 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported earnings per share of $1.20 for the quarter, beating analysts’ consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. In the same period last year, the company generated earnings per share of $1.30. The company’s quarterly revenue increased 1.9% compared to the same quarter last year. Equity analysts are forecasting that Apple Inc. will post 6.11 EPS for the year to date.

Apple announced that its board of directors approved a stock repurchase plan on Thursday, April 28, allowing the company to repurchase $90.00 billion of outstanding shares. This buyback authorization allows the iPhone maker to buy back up to 3.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Apple dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Monday, August 8 will receive a dividend of $0.23. The ex-dividend date is Friday August 5th. That equates to a dividend of $0.92 on an annualized basis and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Wall Street analysts are weighing

A number of equities analysts have issued reports on AAPL stocks. KeyCorp raised its price target on Apple to $177.00 from $173.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup raised its price target on Apple to $185.00 from $175.00 and gave the stock a “buy” rating in a research report on Friday, July 29. Evercore ISI raised its price target on Apple to $185.00 from $180.00 in a research report on Friday, July 29. Itaú Unibanco launched coverage of Apple in a research report on Tuesday, July 26. They set an underperform rating and a price target of $136.00 on the stock. Finally, Fundamental Research raised Apple’s price target to $177.00 and gave the stock an average rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight with a hold rating, twenty-one with a buy rating and one with a strong buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.21.

Apple profile

(received rating)

Apple Inc designs, manufactures, and sells smartphones, PCs, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a range of PCs; iPad, a line of multipurpose tablets; AirPods Max, wireless over-ear headphones; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

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Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Apple Inc. (NASDAQ:AAPL – Get Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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