BARING ASSET MANAGEMENT Ltd decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,258 shares of the iPhone maker’s stock after selling 930 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Apple were worth $2,968,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple during the 2nd quarter worth about $108,000. Hefty Wealth Partners increased its holdings in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. FNY Managed Accounts LLC increased its holdings in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC purchased a new stake in Apple during the 2nd quarter worth about $122,000. Finally, Armbruster Capital Management Inc. increased its holdings in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (AAPL) traded down $7.28 during midday trading on Friday, hitting $160.50. The stock had a trading volume of 85,436,075 shares, compared to its average volume of 31,710,000. Apple Inc. has a twelve month low of $128.16 and a twelve month high of $180.10. The stock has a market capitalization of $824,060.00, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.84% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same period in the previous year, the company earned $3.36 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. research analysts expect that Apple Inc. will post 11.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s payout ratio is 25.93%.
Several brokerages have weighed in on AAPL. Mizuho restated a “neutral” rating and set a $175.00 price target (up previously from $160.00) on shares of Apple in a report on Friday, January 19th. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Barclays set a $174.00 price objective on Apple and gave the company a “neutral” rating in a report on Thursday, January 18th. Bank of America downgraded Apple from a “buy” rating to a “neutral” rating and increased their price objective for the company from $180.00 to $220.00 in a report on Wednesday, January 17th. Finally, Atlantic Securities downgraded Apple from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $177.35 to $190.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $202.53.
In related news, 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 completion of the sale, the insider now directly owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction dated 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 directly owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,412 shares of company stock worth $22,115,155. Corporate insiders own 0.08% of the company’s stock.
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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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