Valicenti Advisory Services Inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,340 shares of the iPhone maker’s stock after selling 608 shares during the quarter. Apple comprises about 5.3% of Valicenti Advisory Services Inc.’s portfolio, making the stock its 3rd biggest position. Valicenti Advisory Services Inc.’s holdings in Apple were worth $10,953,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of AAPL. Thoroughbred Financial Services LLC boosted its position in shares of Apple by 19,949.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after purchasing an additional 10,004,976 shares in the last quarter. H&H International Investment LLC boosted its position in shares of Apple by 16.5% in the 2nd quarter. H&H International Investment LLC now owns 3,877,900 shares of the iPhone maker’s stock worth $785,333,000 after purchasing an additional 550,300 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Apple by 57.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,235,798 shares of the iPhone maker’s stock worth $170,524,000 after purchasing an additional 450,098 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Apple by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 12,766,487 shares of the iPhone maker’s stock worth $2,013,786,000 after purchasing an additional 417,421 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Apple by 4.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after purchasing an additional 414,856 shares in the last quarter. 58.66% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AAPL traded down $4.41 during trading on Friday, reaching $204.02. 40,831,241 shares of the company traded hands, compared to its average volume of 20,916,860. The company has a fifty day moving average price of $202.58. The firm has a market cap of $980.21 billion, a PE ratio of 17.13, a P/E/G ratio of 1.80 and a beta of 1.25. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $233.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.50.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. The business had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. As a group, equities analysts expect that Apple Inc. will post 11.56 earnings per share for the current fiscal year.
Apple declared that its Board of Directors has authorized a stock buyback plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 12th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.08 annualized dividend and a dividend yield of 1.51%. Apple’s dividend payout ratio is presently 25.86%.
A number of research firms have recently weighed in on AAPL. Maxim Group lowered their price objective on Apple to $211.00 and set a “hold” rating for the company in a research report on Wednesday. Rosenblatt Securities reissued a “sell” rating and issued a $150.00 price objective on shares of Apple in a research report on Monday, July 8th. Nomura raised their price objective on Apple from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $240.00 price objective (up previously from $202.00) on shares of Apple in a research report on Wednesday. Finally, DA Davidson raised their target price on Apple to $270.00 and gave the stock a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Apple currently has a consensus rating of “Hold” and a consensus target price of $217.49.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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