Bronfman E.L. Rothschild L.P. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 37.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,562 shares of the iPhone maker’s stock after purchasing an additional 25,649 shares during the quarter. Apple accounts for approximately 1.6% of Bronfman E.L. Rothschild L.P.’s holdings, making the stock its 12th biggest position. Bronfman E.L. Rothschild L.P.’s holdings in Apple were worth $13,475,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC increased its holdings in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. Lenox Wealth Advisors Inc. increased its holdings in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares in the last quarter. Karp Capital Management Corp increased its holdings in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares in the last quarter. Welch Investments LLC increased its holdings in Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after buying an additional 23 shares in the last quarter. Finally, Accurate Investment Solutions Inc. increased its holdings in Apple by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock worth $951,000 after buying an additional 26 shares in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
Apple Inc. (AAPL) opened at $169.64 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a twelve month low of $109.16 and a twelve month high of $176.24. The company has a market capitalization of $871,806.19, a P/E ratio of 18.46, a P/E/G ratio of 1.36 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. Apple’s dividend payout ratio is presently 27.39%.
In related news, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,326 shares of company stock worth $35,290,561. 0.08% of the stock is owned by insiders.
Several equities research analysts recently commented on AAPL shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $150.00 price objective (up from $120.00) on shares of Apple in a report on Tuesday, August 8th. UBS reiterated a “buy” rating on shares of Apple in a report on Tuesday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $160.08 price objective (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price objective on shares of Apple in a report on Wednesday, August 9th. Finally, Oppenheimer reiterated a “” rating on shares of Apple in a report on Thursday, August 10th. Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $200.27.
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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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