Nikko Asset Management Americas Inc. Lowers Stake in Apple Inc. (NASDAQ:AAPL)

Nikko Asset Management Americas Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 85.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 237,918 shares of the iPhone maker’s stock after selling 1,400,790 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Apple were worth $32,552,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. University of Texas Texas AM Investment Managment Co. purchased a new position in Apple in the 2nd quarter valued at approximately $27,000. Milestone Resources Group Ltd boosted its position in Apple by 57.7% in the 2nd quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock valued at $30,000 after buying an additional 79 shares during the period. Pinz Capital Management LP purchased a new position in Apple in the 1st quarter valued at approximately $72,000. Kessler Investment Group LLC boosted its position in Apple by 585.7% in the 2nd quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock valued at $79,000 after buying an additional 492 shares during the period. Finally, Geo Capital Gestora de Recursos Ltd boosted its position in Apple by 135.6% in the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock valued at $80,000 after buying an additional 377 shares during the period. 56.38% of the stock is owned by hedge funds and other institutional investors.

NASDAQ AAPL opened at $148.12 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $2.45 trillion, a PE ratio of 28.99, a P/E/G ratio of 2.10 and a beta of 1.20. Apple Inc. has a one year low of $103.10 and a one year high of $157.26. The firm’s fifty day moving average is $148.32 and its two-hundred day moving average is $135.13.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.29. The business had revenue of $81.40 billion for the quarter, compared to the consensus estimate of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Research analysts predict that Apple Inc. will post 5.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, August 6th. Apple’s dividend payout ratio is currently 26.83%.

Several equities analysts have commented on AAPL shares. Fundamental Research raised their price target on shares of Apple from $144.27 to $163.99 and gave the company a “buy” rating in a research report on Tuesday, August 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Apple from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Sanford C. Bernstein reissued a “hold” rating and issued a $132.00 price target on shares of Apple in a research report on Tuesday, August 10th. UBS Group set a $175.00 price objective on shares of Apple in a report on Monday. Finally, JPMorgan Chase & Co. set a $180.00 price objective on shares of Apple in a report on Friday, September 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $160.88.

In related news, CEO Timothy D. Cook sold 2,386,440 shares of the business’s stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total transaction of $354,577,255.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 14,877 shares of Apple stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $145.99, for a total transaction of $2,171,893.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,418,317 shares of company stock worth $359,229,278. 0.06% of the stock is owned by insiders.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Read More: Reverse Stock Split

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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