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.
COPYRIGHT VIOLATION WARNING: “Apple Inc. (AAPL) is Candriam Luxembourg S.C.A.’s Largest Position” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/11/12/apple-inc-aapl-is-candriam-luxembourg-s-c-a-s-largest-position.html.
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%.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.