Today, 21,465 Shares of Apple Inc. (AAPL) are sold by Foundry Partners LLC

Today, 21,465 Shares of Apple Inc. (AAPL) are sold by Foundry Partners LLC

Foundry Partners LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 15.4% during the third quarter, Holdings Channel reports. The fund owned 118,121 shares of the iPhone maker’s stock after selling 21,465 shares during the period. Apple accounts for 0.7% of Foundry Partners LLC’s investment portfolio, making the stock its 27th largest position. Foundry Partners LLC’s holdings in Apple were worth $13,354,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Zurich Insurance Group Ltd FI raised its stake in shares of Apple by 1.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 869,381 shares of the iPhone maker’s stock valued at $94,754,000 after buying an additional 11,582 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock valued at $562,855,000 after buying an additional 1,521,440 shares during the last quarter. Roffman Miller Associates Inc. PA raised its stake in shares of Apple by 25.0% in the second quarter. Roffman Miller Associates Inc. PA now owns 139,953 shares of the iPhone maker’s stock valued at $13,380,000 after buying an additional 28,020 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Apple by 19.1% in the second quarter. Capstone Asset Management Co. now owns 550,349 shares of the iPhone maker’s stock valued at $52,613,000 after buying an additional 88,106 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Apple by 3.3% in the first quarter. BlackRock Group LTD now owns 47,324,047 shares of the iPhone maker’s stock valued at $5,157,847,000 after buying an additional 1,498,288 shares during the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) traded down 0.09% during mid-day trading on Monday, reaching $111.69. The company’s stock had a trading volume of 18,641,272 shares. The firm’s 50 day moving average price is $113.06 and its 200 day moving average price is $105.31. The stock has a market cap of $595.57 billion, a price-to-earnings ratio of 13.44 and a beta of 1.34. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $119.86.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ 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 firm earned $46.85 billion during the quarter, compared to analysts’ expectations of $46.88 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post $9.05 earnings per share for the current year.

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

Several brokerages have issued reports on AAPL. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Sunday. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $119.11 price objective for the company. in a research report on Wednesday, November 16th. Brean Capital reissued a “buy” rating on shares of Apple in a research report on Wednesday, November 2nd. Nomura set a $135.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Tuesday, November 1st. Finally, Cowen and Company reissued an “outperform” rating and issued a $135.00 price objective on shares of Apple in a research report on Monday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $128.29.

In related news, SVP Daniel J. Riccio sold 49,996 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $105.95, for a total transaction of $5,297,076.20. Following the completion of the sale, the senior vice president now directly owns 67,143 shares in the company, valued at $7,113,800.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $105.95, for a total value of $11,654,500.00. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

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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