Ashfield Capital Partners LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,805 shares of the iPhone maker’s stock after selling 3,999 shares during the period. Apple comprises about 5.5% of Ashfield Capital Partners LLC’s investment portfolio, making the stock its largest position. Ashfield Capital Partners LLC’s holdings in Apple were worth $44,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in the business. Delphi Private Advisors LLC bought a new stake in shares of Apple during the second quarter worth $120,000. Quattro Financial Advisors LLC bought a new stake in shares of Apple during the first quarter worth $133,000. CX Institutional bought a new stake in shares of Apple during the second quarter worth $135,000. Spectrum Financial Alliance Ltd LLC acquired a new position in shares of Apple during the first quarter valued at $138,000. Finally, Macroview Investment Management LLC lifted its stake in shares of Apple by 220.3% during the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock valued at $151,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 58.44% of the company’s stock.
NASDAQ AAPL opened at $201.59 on Tuesday. The stock has a market cap of $1,019.79 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple Inc. has a one year low of $150.24 and a one year high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. Apple’s revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 earnings per share. Research analysts anticipate that Apple Inc. will post 13.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 12th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 8th. Apple’s dividend payout ratio is currently 24.52%.
Several equities analysts have recently issued reports on AAPL shares. Citigroup cut their price target on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada set a $240.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, September 24th. Wells Fargo & Co reaffirmed a “neutral” rating and set a $210.00 price target on shares of Apple in a research note on Friday, August 10th. JPMorgan Chase & Co. started coverage on Apple in a research note on Thursday, September 27th. They set an “overweight” rating and a $272.00 price target on the stock. Finally, Morgan Stanley upped their price target on Apple from $214.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $223.60.
In other news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Angela J. Ahrendts sold 14,194 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $227.96, for a total value of $3,235,664.24. Following the sale, the senior vice president now directly owns 105,538 shares in the company, valued at approximately $24,058,442.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 544,185 shares of company stock worth $120,312,613. 0.06% of the stock is currently owned by insiders.
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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.
Further Reading: Return on Equity (ROE)
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