Apple Inc. (NASDAQ:AAPL) is Renaissance Group LLC’s Largest Position

Renaissance Group LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,399 shares of the iPhone maker’s stock after selling 7,750 shares during the period. Apple makes up about 1.4% of Renaissance Group LLC’s holdings, making the stock its biggest holding. Renaissance Group LLC’s holdings in Apple were worth $33,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Centaurus Financial Inc. grew its holdings in Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the period. Bath Savings Trust Co grew its holdings in Apple by 0.9% during the 2nd quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock worth $22,354,000 after acquiring an additional 1,036 shares during the period. Thomasville National Bank grew its holdings in Apple by 1.0% during the 2nd quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock worth $21,392,000 after acquiring an additional 1,036 shares during the period. Private Trust Co. NA grew its holdings in Apple by 0.9% during the 2nd quarter. Private Trust Co. NA now owns 72,299 shares of the iPhone maker’s stock worth $14,309,000 after acquiring an additional 623 shares during the period. Finally, Silverleafe Capital Partners LLC grew its holdings in Apple by 1.6% during the 2nd quarter. Silverleafe Capital Partners LLC now owns 34,561 shares of the iPhone maker’s stock worth $6,840,000 after acquiring an additional 539 shares during the period. 58.61% of the stock is owned by institutional investors and hedge funds.

In related news, Director Arthur D. Levinson sold 37,394 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total value of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares in the company, valued at approximately $301,788,823.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the transaction, the director now owns 1,150,783 shares in the company, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 465,658 shares of company stock worth $100,549,205. 0.05% of the stock is owned by company insiders.

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Several equities analysts have recently issued reports on AAPL shares. Bank of America boosted their price target on shares of Apple from $250.00 to $260.00 and gave the company a “buy” rating in a report on Monday, October 28th. Piper Jaffray Companies boosted their price target on shares of Apple from $243.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Nomura boosted their price target on shares of Apple from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group set a $285.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, October 28th. Finally, UBS Group boosted their price target on shares of Apple from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $239.51.

Shares of NASDAQ AAPL opened at $260.14 on Friday. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $260.44. The firm has a market cap of $1,142.50 billion, a PE ratio of 21.88, a PEG ratio of 1.83 and a beta of 1.25. The company has a fifty day moving average price of $235.37 and a 200 day moving average price of $209.53. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The business had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. During the same quarter in the prior year, the business earned $2.91 EPS. Apple’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 13.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 dividend on an annualized basis and a yield of 1.18%. Apple’s dividend payout ratio (DPR) is currently 25.90%.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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