Banco Santander S.A. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 48.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 484,430 shares of the iPhone maker’s stock after selling 453,265 shares during the period. Apple accounts for 0.4% of Banco Santander S.A.’s holdings, making the stock its 13th biggest position. Banco Santander S.A.’s holdings in Apple were worth $68,548,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of AAPL. Amundi bought a new stake in Apple in the second quarter worth $5,528,240,000. Vanguard Group Inc. boosted its holdings in Apple by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,264,936,543 shares of the iPhone maker’s stock worth $173,245,709,000 after purchasing an additional 25,553,808 shares in the last quarter. Liberty Wealth Management LLC boosted its holdings in Apple by 13,998.4% in the second quarter. Liberty Wealth Management LLC now owns 25,320,849 shares of the iPhone maker’s stock worth $184,697,000 after purchasing an additional 25,141,248 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Apple by 97.9% in the third quarter. Nordea Investment Management AB now owns 36,546,345 shares of the iPhone maker’s stock worth $5,239,285,000 after purchasing an additional 18,074,896 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Apple by 515.0% in the second quarter. Macquarie Group Ltd. now owns 15,285,356 shares of the iPhone maker’s stock worth $2,093,483,000 after purchasing an additional 12,799,829 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.
In other Apple news, insider Chris Kondo sold 9,005 shares of the company’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,350,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 165,829 shares of the company’s stock in a transaction dated Tuesday, October 19th. The stock was sold at an average price of $148.62, for a total transaction of $24,645,505.98. The disclosure for this sale can be found here. Insiders have sold 218,081 shares of company stock worth $32,383,704 over the last ninety days. Insiders own 0.06% of the company’s stock.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24. The firm had revenue of $83.40 billion for the quarter, compared to analysts’ expectations of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. On average, research analysts expect that Apple Inc. will post 5.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, November 5th. This represents a $0.88 annualized dividend and a yield of 0.51%. Apple’s dividend payout ratio is 15.66%.
A number of brokerages recently issued reports on AAPL. Fundamental Research upped their price objective on shares of Apple from $163.99 to $164.79 and gave the stock a “buy” rating in a report on Tuesday, November 23rd. Loop Capital upped their price objective on shares of Apple from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Barclays boosted their target price on shares of Apple from $142.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, October 29th. Sanford C. Bernstein boosted their target price on shares of Apple from $132.00 to $170.00 in a research report on Tuesday. Finally, Credit Suisse Group assumed coverage on shares of Apple in a research report on Friday, October 29th. They set a “neutral” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Buy” and a consensus target price of $176.74.
Apple Company 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.
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