Apple (AAPL) Shares Bought by Scott & Selber Inc.

Scott & Selber Inc. grew its holdings in Apple (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,761 shares of the iPhone maker’s stock after purchasing an additional 380 shares during the period. Apple comprises about 4.8% of Scott & Selber Inc.’s investment portfolio, making the stock its biggest holding. Scott & Selber Inc.’s holdings in Apple were worth $8,929,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Apple by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,262,302 shares of the iPhone maker’s stock worth $3,259,868,000 after acquiring an additional 570,279 shares during the period. Swiss National Bank grew its holdings in shares of Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after acquiring an additional 79,100 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Apple by 0.8% in the third quarter. New York State Common Retirement Fund now owns 15,070,752 shares of the iPhone maker’s stock worth $2,322,704,000 after acquiring an additional 115,428 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Apple by 4.1% in the third quarter. Parametric Portfolio Associates LLC now owns 12,109,070 shares of the iPhone maker’s stock worth $1,866,250,000 after acquiring an additional 479,466 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Apple by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 11,206,974 shares of the iPhone maker’s stock worth $1,896,556,000 after acquiring an additional 318,571 shares during the period. 60.93% of the stock is owned by institutional investors and hedge funds.

Shares of Apple opened at $186.31 on Friday, MarketBeat.com reports. Apple has a 52-week low of $142.20 and a 52-week high of $190.37. The company has a market capitalization of $948.79 billion, a P/E ratio of 20.23, a PEG ratio of 1.39 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.80.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, May 1st. The iPhone maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.04. Apple had a return on equity of 39.97% and a net margin of 21.55%. The company had revenue of $61.14 billion for the quarter, compared to analysts’ expectations of $60.94 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. Apple’s revenue was up 15.6% compared to the same quarter last year. equities research analysts predict that Apple will post 11.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Monday, May 14th were paid a $0.73 dividend. The ex-dividend date was Friday, May 11th. This represents a $2.92 annualized dividend and a yield of 1.57%. This is a boost from Apple’s previous quarterly dividend of $0.63. Apple’s dividend payout ratio is 31.70%.

Apple announced that its board has authorized a share repurchase program on Tuesday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 11.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several analysts recently commented on the company. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research raised Apple from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Morningstar set a $175.00 price target on Apple and gave the company a “neutral” rating in a report on Wednesday, May 2nd. Finally, Atlantic Securities reissued a “neutral” rating and set a $185.00 price target on shares of Apple in a report on Wednesday, May 2nd. One analyst has 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $204.00.

In other Apple news, COO Jeffrey E. Williams sold 15,653 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $185.18, for a total transaction of $2,898,622.54. Following the completion of the sale, the chief operating officer now owns 168,181 shares in the company, valued at $31,143,757.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. In the last three months, insiders sold 219,736 shares of company stock worth $38,403,373. 0.08% of the stock is owned by insiders.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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