Integrated Wealth Concepts LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 15,812 shares of the iPhone maker’s stock after buying an additional 283 shares during the period. Apple accounts for 1.0% of Integrated Wealth Concepts LLC’s portfolio, making the stock its 22nd largest position. Integrated Wealth Concepts LLC’s holdings in Apple were worth $2,960,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of AAPL. American Century Companies Inc. grew its position in 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 buying an additional 60,860 shares during the period. Jackson Wealth Management LLC grew its position in Apple by 14.4% during the first quarter. Jackson Wealth Management LLC now owns 62,825 shares of the iPhone maker’s stock worth $10,781,000 after buying an additional 7,894 shares during the period. Wharton Business Group LLC grew its position in Apple by 1.7% during the first quarter. Wharton Business Group LLC now owns 158,507 shares of the iPhone maker’s stock worth $26,594,000 after buying an additional 2,610 shares during the period. Buckhead Capital Management LLC grew its position in Apple by 1.9% during the first quarter. Buckhead Capital Management LLC now owns 48,216 shares of the iPhone maker’s stock worth $8,090,000 after buying an additional 880 shares during the period. Finally, Parthenon LLC grew its position in Apple by 2.6% during the first quarter. Parthenon LLC now owns 29,446 shares of the iPhone maker’s stock worth $4,940,000 after buying an additional 750 shares during the period. 58.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Johny Srouji sold 14,140 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the sale, the insider now owns 68,302 shares in the company, valued at $14,683,563.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Angela J. Ahrendts sold 14,194 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the sale, the senior vice president now 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 90 days, insiders have sold 480,737 shares of company stock worth $107,157,170. 0.08% of the stock is owned by company insiders.
AAPL has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Apple in a research report on Wednesday, September 12th. Maxim Group upped their target price on shares of Apple to $221.00 and gave the stock an “average” rating in a research report on Thursday, September 13th. Royal Bank of Canada upped their target price on shares of Apple to $250.00 and gave the stock an “average” rating in a research report on Wednesday, September 26th. Canaccord Genuity upped their target price on shares of Apple from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, DZ Bank restated a “buy” rating on shares of Apple in a research report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $224.27.
AAPL stock opened at $204.47 on Friday. The company has a market capitalization of $1,031.93 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47. 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 (NASDAQ:AAPL) last announced its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The firm had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. During the same quarter last year, the business earned $2.07 earnings per share. Apple’s revenue was up 19.6% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 13.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 12th will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.43%. Apple’s dividend payout ratio (DPR) is currently 24.52%.
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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.
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