Today, Nationwide Fund Advisors sells partial stakes of Apple Inc. (AAPL)

Today, Nationwide Fund Advisors sells partial stakes of Apple Inc. (AAPL)
Nationwide Fund Advisors decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,798,614 shares of the iPhone maker’s stock after selling 62,675 shares during the period. Apple comprises approximately 1.8% of Nationwide Fund Advisors’ portfolio, making the stock its largest position. Nationwide Fund Advisors owned 0.07% of Apple worth $429,433,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Penserra Capital Management LLC boosted its stake in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares during the last quarter. Weaver C. Barksdale & Associates Inc. acquired a new stake in shares of Apple during the third quarter valued at approximately $122,000. D. Scott Neal Inc. boosted its stake in shares of Apple by 701.3% in the third quarter. D. Scott Neal Inc. now owns 1,202 shares of the iPhone maker’s stock valued at $136,000 after buying an additional 1,052 shares during the last quarter. Delphi Private Advisors LLC boosted its stake in shares of Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Apple during the second quarter valued at approximately $143,000. 56.81% of the stock is currently owned by institutional investors.

Apple Inc. (NASDAQ:AAPL) traded up 0.50% on Friday, hitting $111.79. The stock had a trading volume of 11,475,922 shares. The firm has a market cap of $596.10 billion, a P/E ratio of 13.45 and a beta of 1.34. The firm’s 50-day moving average price is $113.06 and its 200-day moving average price is $105.31. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $119.86.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. Apple had a return on equity of 35.59% and a net margin of 21.19%. The company earned $46.85 billion during the quarter, compared to the consensus estimate of $46.88 billion. During the same quarter last year, the company earned $1.96 EPS. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post $9.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.04%. Apple’s dividend payout ratio is currently 27.57%.

Several research firms recently issued reports on AAPL. Credit Suisse Group AG reiterated an “outperform” rating and issued a $150.00 target price on shares of Apple in a research note on Thursday, September 15th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $124.00 target price on shares of Apple in a research note on Wednesday, October 12th. Citigroup Inc. boosted their target price on shares of Apple from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 30th. Vetr cut shares of Apple from a “hold” rating to a “sell” rating and set a $105.47 target price for the company. in a research note on Monday, August 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $125.00 target price on shares of Apple in a research note on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $128.29.

In other Apple news, insider Daniel J. Riccio sold 33,323 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $110.35, for a total value of $3,677,193.05. Following the completion of the sale, the insider now owns 32,484 shares in the company, valued at approximately $3,584,609.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $110.03, for a total value of $1,865,008.50. Following the completion of the sale, the chief financial officer now owns 12,055 shares of the company’s stock, valued at approximately $1,326,411.65. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

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