Apple Inc. (AAPL) is Robeco Institutional Asset Management B.V.’s Largest Position

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Robeco Institutional Asset Management B.V. raised its stake in Apple Inc. (NASDAQ:AAPL) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,391,921 shares of the iPhone maker’s stock after buying an additional 299,728 shares during the quarter. Apple accounts for about 2.3% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its biggest position. Robeco Institutional Asset Management B.V.’s holdings in Apple were worth $539,951,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. Gibraltar Capital Management Inc. boosted its holdings in shares of Apple by 0.4% during the 3rd quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock worth $13,435,000 after buying an additional 235 shares during the period. Capital Investment Services of America Inc. boosted its holdings in shares of Apple by 10.0% during the 3rd quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock worth $610,000 after buying an additional 245 shares during the period. Anderson Hoagland & Co. boosted its holdings in shares of Apple by 1.3% during the 3rd quarter. Anderson Hoagland & Co. now owns 19,900 shares of the iPhone maker’s stock worth $4,551,000 after buying an additional 250 shares during the period. Buffington Mohr McNeal boosted its holdings in shares of Apple by 5.5% during the 3rd quarter. Buffington Mohr McNeal now owns 4,899 shares of the iPhone maker’s stock worth $1,106,000 after buying an additional 255 shares during the period. Finally, Boothe Investment Group Inc. boosted its holdings in shares of Apple by 1.6% during the 3rd quarter. Boothe Investment Group Inc. now owns 16,577 shares of the iPhone maker’s stock worth $3,742,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 57.00% of the company’s stock.

In other news, insider Chris Kondo sold 3,408 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the transaction, the director now owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

Several research firms recently issued reports on AAPL. BidaskClub raised shares of Apple from a “sell” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group set a $140.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Wednesday. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a report on Monday, February 4th. HSBC reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Apple in a report on Wednesday, January 30th. Finally, Citigroup reaffirmed a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $191.66.

Shares of Apple stock opened at $170.41 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The firm has a market capitalization of $840.19 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.75 and a beta of 1.13.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The company had revenue of $84.31 billion during the quarter, compared to analysts’ expectations of $84.07 billion. On average, equities research analysts expect that Apple Inc. will post 11.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Monday, February 11th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 8th. Apple’s dividend payout ratio is 24.52%.

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About Apple

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.

Further Reading: Technical Analysis of Stocks, How Can It Help

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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