Belpointe Asset Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the third quarter, HoldingsChannel reports. The institutional investor bought 70,218 shares of the iPhone maker’s stock, valued at approximately $10,822,000. Apple accounts for approximately 2.5% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings 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 worth $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Capital Research Global Investors raised its holdings 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 worth $4,241,383,000 after acquiring an additional 3,845,363 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after acquiring an additional 3,841,842 shares in the last quarter. Harding Loevner LP raised its holdings in shares of Apple by 784,734.3% during the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock worth $188,966,000 after acquiring an additional 3,295,884 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 worth $686,338,000 after acquiring an additional 3,178,809 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on 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 transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) opened at $178.44 on Thursday. Apple Inc. has a one year low of $138.62 and a one year high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market cap of $905,410.00, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. Apple’s quarterly revenue was up 12.7% compared to the same quarter last year. equities analysts expect that Apple Inc. will post 11.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 24.66%.
AAPL has been the subject of several recent research reports. Macquarie set a $188.00 price objective on Apple and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a report on Thursday, January 18th. Barclays cut their price objective on Apple from $174.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price objective on shares of Apple in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $201.57.
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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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