Csenge Advisory Group bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 35,013 shares of the iPhone maker’s stock, valued at approximately $5,396,000. Apple accounts for approximately 2.1% of Csenge Advisory Group’s holdings, making the stock its 7th biggest holding.
Several other institutional investors also recently bought and sold shares of AAPL. Berkshire Hathaway Inc. grew its position in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors boosted its position in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Legal & General Group Plc boosted its position in Apple by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares during the last quarter. Janus Henderson Group PLC boosted its position in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank boosted its position in Apple by 1.5% during the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after acquiring an additional 275,400 shares during the last quarter. Institutional investors own 60.18% of the company’s stock.
In other news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The disclosure for this sale can be found here. Insiders sold 112,771 shares of company stock valued at $19,419,429 over the last quarter. Corporate insiders own 0.06% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $162.71 on Tuesday. The firm has a market capitalization of $825,590.00, a PE ratio of 16.74, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple Inc. has a 12 month low of $132.75 and a 12 month high of $180.10.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $3.36 earnings per share. equities analysts predict that Apple Inc. will post 11.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.55%. Apple’s dividend payout ratio is presently 25.93%.
A number of research firms have weighed in on AAPL. BidaskClub downgraded Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BMO Capital Markets cut Apple from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair reiterated an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Bank of America reiterated an “outperform” rating and set a $220.00 price objective on shares of Apple in a research note on Thursday, February 8th. Finally, KeyCorp upgraded Apple from a “sector weight” rating to an “overweight” rating and upped their price objective for the stock from $173.75 to $187.00 in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $201.72.
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Apple Company Profile
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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