First Business Financial Services Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.5% during the second quarter, HoldingsChannel reports. The firm owned 8,973 shares of the iPhone maker’s stock after buying an additional 388 shares during the quarter. Apple comprises 0.3% of First Business Financial Services Inc.’s portfolio, making the stock its 17th largest holding. First Business Financial Services Inc.’s holdings in Apple were worth $1,661,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delphi Private Advisors LLC acquired a new stake in shares of Apple during the second quarter worth $120,000. Quattro Financial Advisors LLC acquired a new stake in shares of Apple during the first quarter worth $133,000. CX Institutional acquired a new stake in shares of Apple during the second quarter worth $135,000. Diversified Investment Strategies LLC acquired a new stake in shares of Apple during the second quarter worth $206,000. Finally, Financial Advantage Inc. acquired a new stake in shares of Apple during the second quarter worth $207,000. 57.14% of the stock is currently owned by institutional investors.
In other news, COO Jeffrey E. Williams sold 61,998 shares of Apple stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.33, for a total value of $14,403,995.34. Following the completion of the transaction, the chief operating officer now owns 124,695 shares of the company’s stock, valued at approximately $28,970,389.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the transaction, the insider now directly owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The disclosure for this sale can be found here. In the last three months, insiders sold 204,845 shares of company stock valued at $47,015,677. Insiders own 0.06% of the company’s stock.
Shares of AAPL stock opened at $178.58 on Monday. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47. The firm has a market capitalization of $877.75 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. During the same quarter last year, the firm posted $2.07 EPS. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Research analysts expect that Apple Inc. will post 13.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 12th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, November 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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