Cigna Investments Inc. New Sells 7,911 Shares of Apple Inc. (AAPL)
Cigna Investments Inc. New cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,187 shares of the iPhone maker’s stock after selling 7,911 shares during the period. Apple comprises approximately 2.4% of Cigna Investments Inc. New’s holdings, making the stock its 2nd largest holding. Cigna Investments Inc. New’s holdings in Apple were worth $34,592,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Financial Group Inc. acquired a new position in Apple during the 2nd quarter worth $1,085,000. Shine Investment Advisory Services Inc. lifted its holdings in Apple by 24.3% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 5,153 shares of the iPhone maker’s stock worth $742,000 after buying an additional 1,008 shares in the last quarter. Legacy Capital Partners Inc. lifted its holdings in Apple by 2.2% during the 2nd quarter. Legacy Capital Partners Inc. now owns 66,790 shares of the iPhone maker’s stock worth $9,619,000 after buying an additional 1,469 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Apple by 4.5% during the 2nd quarter. Global X Management Co. LLC now owns 35,809 shares of the iPhone maker’s stock worth $5,157,000 after buying an additional 1,554 shares in the last quarter. Finally, SignalPoint Asset Management LLC lifted its holdings in Apple by 2.6% during the 2nd quarter. SignalPoint Asset Management LLC now owns 60,464 shares of the iPhone maker’s stock worth $8,707,000 after buying an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Cigna Investments Inc. New Sells 7,911 Shares of Apple Inc. (AAPL)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/22/cigna-investments-inc-new-sells-7911-shares-of-apple-inc-aapl.html.
AAPL has been the topic of a number of analyst reports. Barclays PLC reissued a “hold” rating and issued a $146.00 price target on shares of Apple in a research note on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price target on shares of Apple in a research note on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and issued a $194.00 price target (up previously from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Macquarie increased their price target on Apple from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price target on shares of Apple in a research note on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average price target of $200.24.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the sale, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last three months, insiders sold 410,352 shares of company stock worth $65,356,512. Insiders own 0.08% of the company’s stock.
Apple Inc. (AAPL) opened at $173.14 on Wednesday. The company has a market cap of $888,950.00, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.36 and a beta of 1.25. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. 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 (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. research analysts forecast that Apple Inc. will post 11.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.42%.
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 & Stock 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 stocks with our FREE daily email newsletter.