Advisor Partners LLC Grows Stake in Apple Inc. (AAPL)

Advisor Partners LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,651 shares of the iPhone maker’s stock after buying an additional 6,104 shares during the quarter. Apple comprises about 3.9% of Advisor Partners LLC’s investment portfolio, making the stock its biggest position. Advisor Partners LLC’s holdings in Apple were worth $16,512,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Pinnacle Advisory Group Inc. raised its position in shares of Apple by 11.3% in the 1st quarter. Pinnacle Advisory Group Inc. now owns 15,241 shares of the iPhone maker’s stock worth $2,190,000 after buying an additional 1,553 shares during the period. Waldron LP raised its position in Apple by 37.9% in the first quarter. Waldron LP now owns 46,930 shares of the iPhone maker’s stock valued at $6,722,000 after purchasing an additional 12,898 shares during the period. Brightworth grew its stake in shares of Apple by 8.6% during the first quarter. Brightworth now owns 3,594 shares of the iPhone maker’s stock valued at $516,000 after acquiring an additional 284 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Apple by 1.2% during the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after acquiring an additional 140,368 shares in the last quarter. Finally, Benedict Financial Advisors Inc. grew its stake in shares of Apple by 0.9% during the first quarter. Benedict Financial Advisors Inc. now owns 38,906 shares of the iPhone maker’s stock valued at $5,589,000 after acquiring an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Shares of Apple Inc. (AAPL) traded down $1.25 during midday trading on Monday, reaching $169.80. 32,522,553 shares of the company traded hands, compared to its average volume of 27,264,445. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a fifty-two week low of $108.25 and a fifty-two week high of $176.24. The firm has a market capitalization of $871,810.00, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.37 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. equities research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

The business also recently disclosed 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. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio is 27.42%.

A number of equities analysts have issued reports on AAPL shares. Barclays reissued a “hold” rating and issued a $146.00 target price on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $194.00 target price (up previously from $182.00) on shares of Apple in a report on Tuesday, September 12th. Mizuho set a $160.00 target price on Apple and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 target price on the stock. in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $200.27.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 217,326 shares of company stock valued at $35,290,561 in the last three months. 0.08% of the stock is owned by insiders.

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About Apple

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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