Apple Inc. (AAPL) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,499 shares of the iPhone maker’s stock after purchasing an additional 419 shares during the period. Apple accounts for 1.0% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 17th largest holding. Sigma Investment Counselors Inc.’s holdings in Apple were worth $6,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AAPL. Blue Sky Asset Management LLC bought a new position in shares of Apple during the second quarter valued at $108,000. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the period. American Beacon Advisors Inc. bought a new position in shares of Apple during the first quarter valued at $117,000. Armbruster Capital Management Inc. lifted its holdings in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Apple during the second quarter valued at $149,000. Institutional investors own 59.87% of the company’s stock.

A number of research analysts have issued reports on AAPL shares. UBS AG reissued a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Monday, July 31st. KeyCorp reissued an “equal weight” rating on shares of Apple in a report on Friday, August 4th. Barclays PLC reissued a “hold” rating and set a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company restated a “market perform” rating and issued a $195.00 target price on shares of Apple in a research note on Tuesday, November 14th. Finally, Royal Bank Of Canada raised their target price on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $200.28.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold a total of 410,352 shares of company stock valued at $65,356,512 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Shares of Apple Inc. (AAPL) opened at $174.97 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $898,299.25, a PE ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.23. Apple Inc. has a 12-month low of $108.25 and a 12-month high of $176.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. analysts anticipate that Apple Inc. will post 11.18 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. Apple’s payout ratio is currently 27.39%.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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