Rathbones Group PLC Increases Holdings in Apple Inc. $AAPL

Rathbones Group PLC increased its holdings in Apple Inc. by 2.3% in Q2, owning 2,907,467 shares valued at $596.5 million, making Apple its 7th largest position. Institutional investors own 67.73% of Apple's stock. Apple reported $1.85 EPS for the quarter, beating estimates, with revenue up 8.7% year-over-year. Analysts have mixed ratings on Apple, with price targets ranging from $280 to $325.

Rathbones Group PLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,907,467 shares of the iPhone maker's stock after purchasing an additional 65,276 shares during the quarter. Apple accounts for approximately 2.6% of Rathbones Group PLC's portfolio, making the stock its 7th largest position. Rathbones Group PLC's holdings in Apple were worth $596,525,000 as of its most recent SEC filing.

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Several other institutional investors also recently modified their holdings of AAPL. Financial Futures Ltd Liability Co. grew its position in Apple by 13.2% in the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker's stock worth $729,000 after buying an additional 415 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in shares of Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker's stock valued at $13,772,000 after purchasing an additional 240 shares during the period. American National Bank & Trust increased its stake in Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker's stock worth $40,107,000 after purchasing an additional 4,543 shares in the last quarter. Riverwater Partners LLC lifted its stake in Apple by 17.9% during the second quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker's stock valued at $1,109,000 after buying an additional 819 shares in the last quarter. Finally, Andina Capital Management LLC increased its position in shares of Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker's stock worth $1,507,000 after acquiring an additional 4,591 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $280.70 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89. The firm's 50-day moving average is $265.56 and its 200-day moving average is $233.58. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The company has a market cap of $4.15 trillion, a price-to-earnings ratio of 37.58, a PEG ratio of 2.65 and a beta of 1.10.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analysts' expectations of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple's dividend payout ratio is currently 13.92%.

Wall Street Analysts Forecast Growth

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A number of research analysts have recently weighed in on the company. Argus set a $325.00 price target on Apple and gave the company a "buy" rating in a report on Friday, October 31st. UBS Group boosted their price target on shares of Apple from $220.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, October 31st. Bank of America lifted their price objective on Apple from $270.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Apple from a "buy" rating to a "hold" rating in a research report on Sunday, November 9th. Finally, Tigress Financial raised their price target on shares of Apple from $300.00 to $305.00 and gave the company a "strong-buy" rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $278.53.

Get Our Latest Report on AAPL

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 47,125 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares of the company's stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock worth $58,604,588 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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