Apple Inc. (AAPL) Position Increased by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,584,268 shares of the iPhone maker’s stock after purchasing an additional 7,868 shares during the period. Apple accounts for approximately 1.5% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its largest holding. Robeco Institutional Asset Management B.V.’s holdings in Apple were worth $228,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harbour Capital Advisors LLC lifted its stake in shares of Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after buying an additional 4,483,360 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Apple during the first quarter valued at approximately $190,134,000. State of Wisconsin Investment Board lifted its stake in shares of Apple by 16.0% during the second quarter. State of Wisconsin Investment Board now owns 6,469,099 shares of the iPhone maker’s stock valued at $931,680,000 after buying an additional 890,548 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after buying an additional 771,046 shares during the period. 59.56% of the stock is currently owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) opened at $169.80 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52 week low of $108.25 and a 52 week high of $176.24. The company has a market cap of $871,810.00, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the firm posted $1.50 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts predict that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. Apple’s payout ratio is currently 27.42%.
In other news, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,326 shares of company stock worth $35,290,561. Insiders own 0.08% of the company’s stock.
Several equities analysts recently issued reports on the stock. Nomura set a $185.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, November 27th. UBS set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.70 price target for the company. in a research report on Thursday, November 23rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $195.00 price target on shares of Apple in a research report on Tuesday, November 14th. Finally, Argus upped their price target on shares of Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $200.27.
COPYRIGHT VIOLATION WARNING: “Apple Inc. (AAPL) Position Increased by Robeco Institutional Asset Management B.V.” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/apple-inc-aapl-position-increased-by-robeco-institutional-asset-management-b-v/1744444.html.
Apple Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.