Robeco Institutional Asset Management B.V. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,468,358 shares of the iPhone maker’s stock after selling 115,910 shares during the period. Apple accounts for about 1.4% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 2nd biggest position. Robeco Institutional Asset Management B.V.’s holdings in Apple were worth $226,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Millie Capital Management LLC boosted its holdings in shares of Apple by 0.8% during the 1st quarter. Millie Capital Management LLC now owns 15,438 shares of the iPhone maker’s stock valued at $2,218,000 after acquiring an additional 119 shares in the last quarter. Usca Ria LLC boosted its holdings in shares of Apple by 1.6% during the 1st quarter. Usca Ria LLC now owns 43,347 shares of the iPhone maker’s stock valued at $6,227,000 after acquiring an additional 702 shares in the last quarter. Willingdon Wealth Management boosted its holdings in shares of Apple by 2.2% during the 1st quarter. Willingdon Wealth Management now owns 25,098 shares of the iPhone maker’s stock valued at $3,606,000 after acquiring an additional 530 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Apple by 16.4% during the 1st quarter. LSV Asset Management now owns 1,503,492 shares of the iPhone maker’s stock valued at $215,991,000 after acquiring an additional 211,684 shares in the last quarter. Finally, Nwam LLC boosted its holdings in shares of Apple by 0.5% during the 1st quarter. Nwam LLC now owns 64,928 shares of the iPhone maker’s stock valued at $9,328,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 59.62% of the company’s stock.

Apple Inc. (NASDAQ AAPL) opened at $175.01 on Monday. The stock has a market capitalization of $898,560.00, a PE ratio of 19.04, a PEG ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 52 week low of $114.76 and a 52 week high of $177.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 32.25% and a net margin of 20.38%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the previous year, the company posted $1.50 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. sell-side analysts predict that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Instinet downgraded Apple from a “buy” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a report on Tuesday, December 19th. Bank of America reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and set a $199.00 price objective on shares of Apple in a report on Wednesday, December 20th. Rosenblatt Securities reissued a “neutral” rating and set a $150.00 price objective on shares of Apple in a report on Thursday, September 21st. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $198.61.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders sold a total of 232,967 shares of company stock valued at $37,944,683 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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