Cigna Investments Inc. New owns shares of Apple Inc. (NASDAQ: AAPL) decreased by 1.5% in the first quarter, according to the latest disclosure at the Securities and Exchange Commission (SEC). The company owned 222,165 shares in the inventory of the iPhone maker after the sale of 3,440 shares during the period. Apple accounts for approximately 2.5% of Cigna Investments Inc.'s portfolio. New, making the equity bank the third largest shareholding. Cigna Investments Inc. New participations in Apple were worth $ 37,275,000 from the most recent SEC application.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Financial Inc. increased its equity stake in Apple by 27.6% in the 1st quarter. B. Riley Financial Inc. now owns 17,412 shares of the iPhone maker's stock worth $ 2,921,000 after purchasing another 3,770 shares in the last quarter. Mizuho Securities USA LLC bought a new equity stake in Apple in the first quarter of approximately $ 1,477,000. Viridian Ria LLC bought a new equity stake in Apple in the first quarter worth approximately $ 525,000. Turim 21 Investimentos Ltda. increased its position in Apple by 5.1% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 59,421 shares of the iPhone maker's stock with a value of $ 9,970,000 after the acquisition of an additional 2,906 shares during the period. Finally, PFG Advisors acquired a new interest in Apple in the 4th quarter, worth about $ 330,000. Institutional investors hold 59.61% of the company's shares.
Several analysts have recently commented on AAPL shares. Sanford C. Bernstein repeated a "neutral" rating and issued a target price of $ 170.00 on Apple's shares in a research report on Thursday, April 26. Barclays lowered their pricing target on Apple from $ 168.00 to $ 157.00 and placed an "equal weight" rating on the inventory in a research report on Monday, April 30. DA Davidson started reporting on Apple in a research report on Monday 30 April. They set a "buy" rating and a target price of $ 220.00 on the shares. UBS Group has set a price target of $ 190.00 on Apple and on Tuesday, May 1, the company has awarded a "buy" score in a research report. Finally, Goldman Sachs Group repeated a "neutral" rating and set a price target of $ 164.00 on Apple's shares in a research report on Wednesday, May 2. Two research analysts assessed the shares with a sales score, fifteen were rated, thirty-two awarded a buy-rating, and one gave a strong buy-rating to the company's shares. The stock currently has a consensus score of "buy" and an average target price of $ 219.97.
In other Apple news, insider Angela J. Ahrendts sold 6,568 shares of the company's shares in a transaction on Friday, June 15th. The stock was sold at an average price of $ 188.81 for a total transaction of $ 1,240,104.08. After the transaction, the insider now holds 79,476 shares of the company's shares, valued at approximately $ 15,005,863.56. The transaction has been disclosed in a document filed with the SEC, and is accessible via this link. Insider Luca Maestri also sold 4,769 shares of the company's shares in a transaction on Friday, June 1. The stock was sold at an average price of $ 189.54, for a total value of $ 903,916.26. After the transaction, the insider now holds 68,044 shares directly in the company, valued at approximately $ 12,897,059.76. The information for this sale can be found here. In the past three months, Insiders have sold a total of 140,230 shares of company shares to the value of $ 28,436,361. 0.08% of the shares are owned by insiders of companies.
NASDAQ AAPL traded $ 0.66 during trading on Friday and reached $ 216.15. 212,070 shares of the company were traded compared to the average volume of 30,078,778. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $ 1,056.95 billion, a price-earnings ratio of 23.46, a PEG ratio of 1.70 and a beta of 1.16. Apple Inc. has a 1-year low of $ 149.16 and a 1-year high of $ 219.18.
Apple (NASDAQ: AAPL) last announced its earnings on Tuesday, July 31. The iPhone maker reported $ 2.34 EPS for the quarter, on top of the consensus estimate of $ 2.18 with $ 0.16. The company had revenues of $ 53.27 billion for the quarter compared to the $ 52.43 billion consensus estimate. Apple had a return on equity of 43.50% and a net margin of 21.98%. Apple sales increased by 17.3% compared to the same quarter last year. In the same period of the previous year, the company earned $ 1.67 EPS. analysts predict that Apple Inc. 11.68 earnings per share for the current year will publish.
The company recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Monday, August 13, received a dividend of $ 0.73. This represents an annual dividend of $ 2.92 and a dividend yield of 1.35%. The ex-dividend date was Friday, August 10. Apple's payout ratio is currently 31.70%.
Apple has announced that the Board of Directors has approved a share buy-back plan on Tuesday, May 1, enabling the company to redeem $ 100.00 billion of shares. With this buy-back authorization, the iPhone maker can get back up to 11.9% of his shares via open market purchases. Share buyback plans are generally a sign that the board of the company believes that its shares are undervalued.
Apple Inc designs, manufactures and sells mobile communication and media devices and personal computers to consumers and small and medium-sized businesses; and customers from education, businesses and governments around the world. The company also sells related software, services, accessories, network solutions and digital content and third-party applications.
Featured article: Investing in growth stocks
Receive news and ratings for Apple Daily – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Apple and related companies with the FREE daily email newsletter from MarketBeat.com.