Cookson Peirce & Co. Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,585 shares of the iPhone maker’s stock after selling 1,008 shares during the quarter. Apple makes up approximately 2.8% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 7th biggest holding. Cookson Peirce & Co. Inc.’s holdings in Apple were worth $31,207,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AAPL. Summit Trail Advisors LLC raised its stake in shares of Apple by 17,669.4% during the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after acquiring an additional 20,067,124 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Apple by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock worth $3,290,212,000 after acquiring an additional 347,970 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Apple by 18,553.3% during the second quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after acquiring an additional 16,668,866 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Apple by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock worth $2,711,005,000 after acquiring an additional 55,050 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Apple by 0.4% during the first quarter. American Century Companies Inc. now owns 14,064,371 shares of the iPhone maker’s stock worth $2,359,720,000 after acquiring an additional 60,860 shares in the last quarter. 58.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction on Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 15,652 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $206.86, for a total transaction of $3,237,772.72. Following the sale, the chief operating officer now owns 122,837 shares in the company, valued at approximately $25,410,061.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 544,185 shares of company stock worth $120,312,613. 0.08% of the stock is currently owned by company insiders.
Several research analysts have commented on AAPL shares. Tigress Financial reissued a “buy” rating on shares of Apple in a research note on Thursday, August 30th. Robert W. Baird set a $230.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Tuesday, September 4th. New Street Research reissued a “sell” rating on shares of Apple in a research note on Tuesday, September 18th. Needham & Company LLC lifted their price target on shares of Apple from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, September 13th. Finally, Citigroup decreased their price target on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $223.92.
NASDAQ:AAPL opened at $207.48 on Monday. The firm has a market capitalization of $1,019.79 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.47 and a beta of 1.26. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to analysts’ expectations of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 46.75%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 earnings per share. As a group, analysts predict that Apple Inc. will post 13.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 12th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, November 8th. Apple’s dividend payout ratio (DPR) is currently 24.52%.
Apple Company 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.
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