Bedrijfstakpensioenfonds Voor DE Media PNO lifted its position in Apple Inc. (NASDAQ:AAPL) by 26.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 223,533 shares of the iPhone maker’s stock after acquiring an additional 46,998 shares during the period. Apple comprises about 3.9% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 2nd biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Apple were worth $34,450,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its position in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC bought a new position in Apple during the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. raised its position in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the period. Finally, Crow Point Partners LLC raised its position in Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 59.70% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold a total of 96,643 shares of company stock valued at $16,603,803 in the last 90 days. Company insiders own 0.08% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Mizuho reiterated a “neutral” rating and issued a $175.00 price target (up from $160.00) on shares of Apple in a research report on Friday, January 19th. Barclays set a $174.00 price target on shares of Apple and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Bank of America downgraded shares of Apple from a “buy” rating to a “neutral” rating and increased their price target for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Finally, Atlantic Securities downgraded shares of Apple from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $177.35 to $190.00 in a research report on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $201.64.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $175.50 on Friday. The stock has a market cap of $905,980.00, a PE ratio of 17.17, a PEG ratio of 1.29 and a beta of 1.33. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. Apple Inc. has a twelve month low of $135.28 and a twelve month high of $180.10.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The firm 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 quarter last year, the business earned $3.36 EPS. research analysts expect that Apple Inc. will post 11.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. Apple’s dividend payout ratio (DPR) is presently 24.66%.
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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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