Gillespie Robinson & Grimm Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,104 shares of the iPhone maker’s stock after selling 5,290 shares during the quarter. Apple comprises approximately 4.1% of Gillespie Robinson & Grimm Inc.’s portfolio, making the stock its 2nd biggest position. Gillespie Robinson & Grimm Inc.’s holdings in Apple were worth $30,686,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after acquiring an additional 4,483,360 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after acquiring an additional 3,178,809 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after acquiring an additional 2,138,928 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.
AAPL has been the topic of several recent analyst reports. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $162.00 to $166.00 in a research report on Wednesday, January 31st. William Blair reiterated an “outperform” rating on shares of Apple in a research report on Friday, February 2nd. Sanford C. Bernstein downgraded Apple from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $170.00 in a report on Friday, February 2nd. Morningstar set a $170.00 price objective on Apple and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group started coverage on Apple in a report on Wednesday, February 7th. They issued a “neutral” rating and a $161.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $201.72.
Apple Inc. (NASDAQ AAPL) opened at $162.71 on Tuesday. 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 52 week low of $132.75 and a 52 week high of $180.10. The company has a market capitalization of $825,590.00, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. equities research analysts forecast that Apple Inc. will post 11.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.55%. Apple’s dividend payout ratio is presently 25.93%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $169.69, for a total value of $2,654,121.29. Following the transaction, the insider now directly owns 17,341 shares in the company, valued at approximately $2,942,594.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders have sold a total of 112,771 shares of company stock valued at $19,419,429 in the last three months. 0.06% of the stock is owned by insiders.
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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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