Blue Sky Asset Management LLC bought a new position in Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 750 shares of the iPhone maker’s stock, valued at approximately $108,000.
A number of other institutional investors also recently added to or reduced their stakes in AAPL. Harbour Capital Advisors LLC boosted its holdings in Apple by 14,030.2% in the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after acquiring an additional 4,483,360 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after purchasing an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Apple during the first quarter valued at $190,134,000. State of Wisconsin Investment Board lifted its holdings in shares of Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after purchasing an additional 749,158 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Apple by 502.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after purchasing an additional 716,683 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.
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In related news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is owned by insiders.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts predict that Apple Inc. will post 11.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. Apple’s dividend payout ratio (DPR) is presently 27.39%.
A number of research analysts have weighed in on the company. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $178.70 target price on the stock. in a report on Thursday. UBS AG set a $190.00 target price on Apple and gave the company a “buy” rating in a report on Tuesday, November 14th. Wells Fargo & Company reissued a “market perform” rating and issued a $195.00 target price on shares of Apple in a report on Tuesday, November 14th. Argus increased their target price on Apple from $185.00 to $210.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, set a $193.00 price target on Apple and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $200.28.
Apple Company Profile
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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