Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in Apple Inc. (NASDAQ:AAPL) by 23.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 585,002 shares of the iPhone maker’s stock after purchasing an additional 112,588 shares during the period. Apple accounts for approximately 3.7% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s portfolio, making the stock its largest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Apple were worth $89,947,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after buying an additional 17 shares during the period. Karp Capital Management Corp lifted its stake in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after buying an additional 22 shares during the period. Welch Investments LLC raised its stake in Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares during the period. Finally, Berkeley Capital Partners LLC raised its stake in Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares during the period. 60.18% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on AAPL shares. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a research note on Friday, December 1st. UBS Group set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Needham & Company LLC increased their price target on shares of Apple from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley reaffirmed a “buy” rating and set a $205.00 price target (up previously from $200.00) on shares of Apple in a research note on Tuesday, January 23rd. Finally, Sanford C. Bernstein downgraded shares of Apple from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $201.64.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the sale, the insider now directly owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following 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 112,771 shares of company stock valued at $19,419,429. Company insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (AAPL) opened at $172.43 on Friday. The firm has a market cap of $872,080.00, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.30 and a beta of 1.33. Apple Inc. has a fifty-two week low of $134.84 and a fifty-two week high of $180.10. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $3.36 EPS. equities analysts anticipate that Apple Inc. will post 11.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 24.66%.
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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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