Apple Inc. (AAPL) is Cim LLC’s 5th Largest Position
Cim LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 74,329 shares of the iPhone maker’s stock after selling 2,279 shares during the quarter. Apple comprises 4.7% of Cim LLC’s investment portfolio, making the stock its 5th largest position. Cim LLC’s holdings in Apple were worth $11,456,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC grew its holdings in Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares during the period. Capital Research Global Investors grew its holdings in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after purchasing an additional 2,138,928 shares during the period. 60.18% of the stock is owned by institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $162.71 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $793,626.44, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. Apple Inc. has a 12-month low of $132.75 and a 12-month high of $180.10.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.55%. Apple’s payout ratio is 25.90%.
Several brokerages have weighed in on AAPL. Bank of America reissued an “outperform” rating and set a $220.00 price objective on shares of Apple in a report on Thursday, February 8th. ValuEngine lowered Apple from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Goldman Sachs Group began coverage on Apple in a report on Wednesday, February 7th. They set a “neutral” rating and a $161.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Finally, KeyCorp reissued an “equal weight” rating on shares of Apple in a report on Sunday, February 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $201.72.
In other Apple news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,771 shares of company stock worth $19,419,429. Insiders own 0.06% of the company’s stock.
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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