Meeder Asset Management Inc. grew its holdings in Apple Inc. (NASDAQ:AAPL) by 266.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678,611 shares of the iPhone maker’s stock after buying an additional 493,595 shares during the quarter. Apple comprises 5.1% of Meeder Asset Management Inc.’s investment portfolio, making the stock its biggest holding. Meeder Asset Management Inc.’s holdings in Apple were worth $78,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AAPL. Hennessy Advisors Inc. purchased a new stake in shares of Apple during the second quarter worth $2,469,000. Robeco Institutional Asset Management B.V. grew its position in shares of Apple by 3.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,274,932 shares of the iPhone maker’s stock valued at $1,194,695,000 after purchasing an additional 105,699 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its position in shares of Apple by 10.0% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 19,763 shares of the iPhone maker’s stock valued at $7,210,000 after purchasing an additional 1,796 shares during the last quarter. Lynch & Associates IN grew its position in shares of Apple by 51.5% in the second quarter. Lynch & Associates IN now owns 4,960 shares of the iPhone maker’s stock valued at $1,809,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Signature Wealth Management Group grew its position in shares of Apple by 2.5% in the second quarter. Signature Wealth Management Group now owns 2,960 shares of the iPhone maker’s stock valued at $1,080,000 after purchasing an additional 73 shares during the last quarter. 59.65% of the stock is owned by institutional investors and hedge funds.

AAPL has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Apple in a research report on Wednesday, October 14th. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a research report on Tuesday, September 29th. BidaskClub raised Apple from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Cowen decreased their target price on Apple to $133.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 1st. Finally, ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a research report on Thursday, October 1st. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $111.70.

In related news, SVP Katherine L. Adams sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $110.42, for a total value of $1,877,140.00. Following the sale, the senior vice president now directly owns 320,784 shares of the company’s stock, valued at approximately $35,420,969.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $496.91, for a total transaction of $131,760,655.60. The disclosure for this sale can be found here. Insiders sold a total of 828,974 shares of company stock worth $196,862,482 over the last ninety days. 0.05% of the stock is currently owned by insiders.

Shares of AAPL stock opened at $117.34 on Friday. Apple Inc. has a 12-month low of $53.15 and a 12-month high of $137.98. The firm has a market capitalization of $1,994.99 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 2.73 and a beta of 1.36. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The firm has a fifty day moving average of $116.43 and a 200-day moving average of $103.03.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $64.70 billion during the quarter, compared to analyst estimates of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.03 EPS. Research analysts expect that Apple Inc. will post 4.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 12th. Investors of record on Monday, November 9th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, November 6th. This represents a $0.82 annualized dividend and a yield of 0.70%. Apple’s dividend payout ratio is currently 25.00%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

See Also: Short Selling

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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