South Texas Money Management Ltd. decreased its position in Apple Inc. (NASDAQ:AAPL) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,058 shares of the iPhone maker’s stock after selling 18,498 shares during the quarter. South Texas Money Management Ltd.’s holdings in Apple were worth $24,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Delta Lloyd NV grew its stake in shares of Apple by 13.1% in the 1st quarter. Delta Lloyd NV now owns 750,752 shares of the iPhone maker’s stock worth $107,846,000 after acquiring an additional 86,711 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Apple by 32.1% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,290 shares of the iPhone maker’s stock worth $904,000 after acquiring an additional 1,530 shares in the last quarter. Bank Hapoalim BM grew its stake in shares of Apple by 104.1% in the 1st quarter. Bank Hapoalim BM now owns 42,084 shares of the iPhone maker’s stock worth $6,046,000 after acquiring an additional 21,461 shares in the last quarter. Assetmark Inc. grew its stake in shares of Apple by 8.4% in the 1st quarter. Assetmark Inc. now owns 130,606 shares of the iPhone maker’s stock worth $18,763,000 after acquiring an additional 10,128 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of Apple by 15.5% in the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after acquiring an additional 749,158 shares in the last quarter. Hedge funds and other institutional investors own 60.44% of the company’s stock.

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In related news, insider Craig Federighi sold 63,163 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $158.07, for a total value of $9,984,175.41. Following the sale, the insider now owns 359,988 shares in the company, valued at approximately $56,903,303.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was 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. In the last 90 days, insiders sold 432,930 shares of company stock worth $69,008,577. Insiders own 0.08% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.66% during mid-day trading on Wednesday, reaching $161.01. The company’s stock had a trading volume of 10,502,915 shares. The company has a market capitalization of $831.65 billion, a price-to-earnings ratio of 18.28 and a beta of 1.27. Apple Inc. has a 1-year low of $102.53 and a 1-year high of $164.94. The company’s 50 day moving average price is $156.93 and its 200-day moving average price is $148.33.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Analysts predict that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, August 10th. Apple’s dividend payout ratio (DPR) is 28.64%.

Several research firms recently weighed in on AAPL. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Bank of America Corporation restated a “buy” rating and set a $180.00 price target (up previously from $155.00) on shares of Apple in a research report on Friday, May 12th. Wells Fargo & Company restated a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Saturday, May 20th. Eleven investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $169.11.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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