LS Investment Advisors LLC Has $74.15 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

LS Investment Advisors LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,508 shares of the iPhone maker’s stock after selling 192 shares during the period. Apple makes up about 4.0% of LS Investment Advisors LLC’s portfolio, making the stock its largest holding. LS Investment Advisors LLC’s holdings in Apple were worth $74,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Johanson Financial Advisors Inc. raised its position in shares of Apple by 29,161.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock valued at $57,543,000 after buying an additional 16,838,124 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Apple by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 14,041,509 shares of the iPhone maker’s stock valued at $3,144,877,000 after buying an additional 302,917 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Apple by 1.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 14,019,253 shares of the iPhone maker’s stock valued at $3,139,892,000 after buying an additional 267,009 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Apple by 28.2% in the 3rd quarter. California Public Employees Retirement System now owns 10,844,434 shares of the iPhone maker’s stock valued at $2,428,828,000 after buying an additional 2,382,156 shares in the last quarter. Finally, Sanders Capital LLC raised its position in shares of Apple by 7.8% in the 4th quarter. Sanders Capital LLC now owns 8,787,007 shares of the iPhone maker’s stock valued at $2,855,898,000 after buying an additional 633,366 shares in the last quarter. 60.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AAPL opened at $324.95 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.56 and a current ratio of 1.60. Apple Inc. has a 52-week low of $169.38 and a 52-week high of $327.85. The firm has a 50 day moving average price of $310.86 and a two-hundred day moving average price of $254.90. The stock has a market cap of $1,421.46 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.54 by $0.45. Apple had a net margin of 21.49% and a return on equity of 60.19%. The firm had revenue of $91.80 billion during the quarter, compared to analysts’ expectations of $88.41 billion. During the same period in the prior year, the company posted $4.18 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Analysts predict that Apple Inc. will post 13.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, February 7th. Apple’s dividend payout ratio (DPR) is currently 25.90%.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total value of $434,573.19. Following the completion of the transaction, the director now directly owns 1,134,712 shares in the company, valued at approximately $345,077,266.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.05% of the company’s stock.

AAPL has been the subject of several analyst reports. DZ Bank restated a “buy” rating and issued a target price (up from ) on shares of Apple in a research report on Wednesday, January 29th. Nomura boosted their target price on shares of Apple from $280.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wedbush restated a “buy” rating and issued a $400.00 target price on shares of Apple in a research report on Monday, February 10th. Sanford C. Bernstein restated a “hold” rating and issued a $300.00 target price on shares of Apple in a research report on Wednesday, January 29th. Finally, Maxim Group upgraded shares of Apple from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average price target of $314.55.

Apple Profile

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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