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.
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%.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
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.