Apple Inc. $AAPL Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its stake in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,361,063 shares of the iPhone maker’s stock after selling 23,989 shares during the period. Apple accounts for about 2.9% of Cambridge Investment Research Advisors Inc.’s portfolio, making the stock its 5th largest holding. Cambridge Investment Research Advisors Inc.’s holdings in Apple were worth $1,261,917,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. State Street Corp boosted its stake in Apple by 1.1% in the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock valued at $164,218,801,000 after purchasing an additional 6,555,392 shares during the period. Geode Capital Management LLC grew its holdings in Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after buying an additional 1,866,103 shares in the last quarter. Morgan Stanley grew its holdings in Apple by 0.6% in the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after buying an additional 1,379,651 shares in the last quarter. Finally, Norges Bank bought a new position in Apple during the 4th quarter worth $52,266,468,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance AAPL opened at $319.70 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52-week low of $225.95 and a 52-week high of $344.57. The firm has a market cap of $4.67 trillion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The business’s fifty day moving average is $312.24 and its 200-day moving average is $288.43.

Apple ( NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio is 12.39%. Insider Activity at Apple In related news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in th...