Apple Inc. (AAPL) is Candriam Luxembourg S.C.A.’s Largest Position

Candriam Luxembourg S.C.A. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 763,222 shares of the iPhone maker’s stock after selling 25,372 shares during the period. Apple makes up approximately 2.1% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its biggest holding. Candriam Luxembourg S.C.A.’s holdings in Apple were worth $109,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Saratoga Research & Investment Management raised its holdings in shares of Apple by 0.6% in the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after purchasing an additional 4,137 shares during the period. Green Square Capital LLC raised its holdings in Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after acquiring an additional 5,491 shares during the period. Headinvest LLC raised its holdings in Apple by 2.5% during the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after acquiring an additional 390 shares during the period. Lederer & Associates Investment Counsel CA raised its holdings in Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the period. Finally, Texan Capital Management raised its holdings in Apple by 1.6% during the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock valued at $3,686,000 after acquiring an additional 393 shares during the period. Hedge funds and other institutional investors own 60.30% of the company’s stock.

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In other Apple news, insider Chris Kondo sold 6,209 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $161.96, for a total value of $1,005,609.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold 411,389 shares of company stock worth $65,364,467 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a $170.00 target price on shares of Apple in a report on Tuesday, July 25th. Barclays PLC reaffirmed a “hold” rating and issued a $146.00 price target on shares of Apple in a report on Tuesday, August 15th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target on the stock in a report on Thursday, August 17th. J P Morgan Chase & Co set a $165.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. set a $170.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Seven research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average price target of $199.14.

Apple Inc. (AAPL) opened at $174.67 on Friday. Apple Inc. has a one year low of $104.08 and a one year high of $176.24. The stock has a market capitalization of $896,810.25, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.40 and a beta of 1.23. 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 issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same period last year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts predict that Apple Inc. will post 11.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, November 10th. Apple’s dividend payout ratio is presently 27.39%.

About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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