Candriam Luxembourg S.C.A. reduced its position in Apple Inc. (NASDAQ:AAPL) by 11.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 676,798 shares of the iPhone maker’s stock after selling 86,424 shares during the period. Apple accounts for 1.8% of Candriam Luxembourg S.C.A.’s investment portfolio, making the stock its 3rd largest holding. Candriam Luxembourg S.C.A.’s holdings in Apple were worth $104,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YHB Investment Advisors Inc. increased its stake in Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after acquiring an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its stake in Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after acquiring an additional 779 shares during the last quarter. Empirical Financial Services LLC increased its stake in Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after acquiring an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC increased its stake in Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after acquiring an additional 2,612 shares during the last quarter. Finally, GenTrust LLC increased its stake in Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after acquiring an additional 31,259 shares during the last quarter. 60.18% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (AAPL) opened at $164.34 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $825,592.75, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.31. Apple Inc. has a twelve month low of $133.25 and a twelve month high of $180.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 earnings per share. equities analysts forecast that Apple Inc. will post 11.4 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.53%. Apple’s dividend payout ratio is currently 25.90%.

AAPL has been the topic of several analyst reports. Mizuho set a $160.00 price objective on Apple and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Sanford C. Bernstein raised Apple to an “outperform” rating and set a $175.00 target price on the stock in a research note on Monday, October 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, October 23rd. UBS Group reaffirmed a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, October 23rd. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $208.00 target price on shares of Apple in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $201.72.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,771 shares of company stock valued at $19,419,429. 0.06% of the stock is owned by company insiders.

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Apple 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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