Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,741,681 shares of the iPhone maker’s stock after selling 144,636 shares during the period. Apple accounts for about 3.6% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 2nd biggest holding. Rockefeller Capital Management L.P.’s holdings in Apple were worth $1,336,881,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after buying an additional 1,742,087 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Apple by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock worth $13,657,308,000 after acquiring an additional 1,112,033 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $232.47 on Thursday. The company has a market cap of $3.49 trillion, a PE ratio of 36.90, a P/E/G ratio of 2.36 and a beta of 1.20. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50 day moving average price is $241.54 and its 200-day moving average price is $230.95.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts forecast that Apple Inc. will post 7.33 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent research reports. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Sanford C. Bernstein upped their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Barclays lifted their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.