Sandy Spring Bank decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 153,919 shares of the iPhone maker’s stock after selling 1,459 shares during the quarter. Apple accounts for approximately 2.3% of Sandy Spring Bank’s holdings, making the stock its 6th biggest holding. Sandy Spring Bank’s holdings in Apple were worth $23,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Berkshire Hathaway Inc. grew its holdings in Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after acquiring an additional 834,854 shares during the last quarter. Capital Research Global Investors grew its holdings in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Legal & General Group Plc grew its holdings in Apple by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after acquiring an additional 79,100 shares during the last quarter. 60.18% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the sale, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,412 shares of company stock worth $22,115,155. Company insiders own 0.06% of the company’s stock.

A number of brokerages have commented on AAPL. Rosenblatt Securities reissued a “hold” rating and set a $150.00 price objective on shares of Apple in a report on Sunday, October 15th. Citigroup reissued a “buy” rating and set a $200.00 price objective (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday, January 18th. Finally, Pacific Crest upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 target price on the stock in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $201.72.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $156.41 on Monday. The firm has a market capitalization of $793,626.44, a PE ratio of 16.08, a PEG ratio of 1.18 and a beta of 1.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple Inc. has a twelve month low of $132.05 and a twelve month high of $180.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.36 earnings per share. research analysts anticipate that Apple Inc. will post 11.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 25.90%.

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About Apple

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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