Asset Management Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,630 shares of the iPhone maker’s stock after buying an additional 170 shares during the period. Apple accounts for approximately 5.0% of Asset Management Advisors LLC’s holdings, making the stock its 6th largest position. Asset Management Advisors LLC’s holdings in Apple were worth $5,550,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Glacier Peak Capital LLC bought a new position in shares of Apple during the fourth quarter worth $127,000. Odey Holdings AG raised its position in shares of Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares in the last quarter. Portfolio Solutions LLC bought a new position in shares of Apple during the first quarter worth $169,000. Fox Run Management L.L.C. bought a new position in shares of Apple during the first quarter worth $201,000. Finally, Ullmann Financial Group Inc. bought a new position in shares of Apple during the fourth quarter worth $220,000. 61.50% of the stock is currently owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ AAPL) traded down 0.23% during trading on Friday, reaching $157.50. 27,428,069 shares of the company’s stock traded hands. The firm’s 50 day moving average is $151.99 and its 200-day moving average is $145.63. Apple Inc. has a 12 month low of $102.53 and a 12 month high of $162.51. The company has a market capitalization of $813.52 billion, a price-to-earnings ratio of 17.88 and a beta of 1.31.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS. Analysts expect that Apple Inc. will post $9.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, August 10th. This represents a $2.52 annualized dividend and a yield of 1.60%. Apple’s dividend payout ratio (DPR) is 28.64%.
Apple declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
AAPL has been the topic of a number of research reports. Oppenheimer Holdings, Inc. reaffirmed a “” rating on shares of Apple in a research note on Thursday, August 10th. Nomura set a $165.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Maxim Group raised their price target on shares of Apple from $163.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Tuesday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price target on shares of Apple in a research note on Tuesday, April 25th. Eleven research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Apple currently has an average rating of “Buy” and an average price target of $167.38.
In related news, SVP Johny Srouji sold 10,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $153.20, for a total transaction of $1,532,000.00. Following the transaction, the senior vice president now owns 96,738 shares in the company, valued at approximately $14,820,261.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eduardo H. Cue sold 45,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $153.78, for a total transaction of $6,920,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,640 shares of company stock worth $47,405,994. 0.08% of the stock is owned by corporate insiders.
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.
What are top analysts saying about Apple Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apple Inc. and related companies.