Excalibur Management Corp grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 250.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,407 shares of the iPhone maker’s stock after purchasing an additional 52,449 shares during the quarter. Apple makes up about 5.2% of Excalibur Management Corp’s holdings, making the stock its 2nd biggest position. Excalibur Management Corp’s holdings in Apple were worth $8,501,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Lountzis Asset Management LLC acquired a new stake in Apple during the second quarter worth approximately $26,000. GW&K Investment Management LLC acquired a new stake in Apple during the second quarter worth approximately $36,000. Fure Financial Corp acquired a new stake in Apple during the third quarter worth approximately $37,000. Ruggie Capital Group acquired a new stake in Apple during the third quarter worth approximately $41,000. Finally, Sage Financial Group Inc. grew its position in shares of Apple by 300.0% during the third quarter. Sage Financial Group Inc. now owns 492 shares of the iPhone maker’s stock worth $57,000 after acquiring an additional 369 shares during the last quarter. 59.65% of the stock is currently owned by institutional investors.
In other Apple news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $496.91, for a total value of $131,760,655.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Luca Maestri sold 243,431 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $116.89, for a total value of $28,454,649.59. Following the completion of the sale, the chief financial officer now directly owns 110,272 shares in the company, valued at $12,889,694.08. The disclosure for this sale can be found here. Insiders sold 828,974 shares of company stock worth $196,862,482 over the last ninety days. 0.05% of the stock is owned by corporate insiders.
AAPL stock opened at $117.34 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51. The firm has a market cap of $1,994.99 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.73 and a beta of 1.36. Apple Inc. has a 12-month low of $53.15 and a 12-month high of $137.98. The stock’s 50 day simple moving average is $116.43 and its 200 day simple moving average is $103.03.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $64.70 billion for the quarter, compared to analyst estimates of $63.33 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.03 EPS. On average, research analysts forecast that Apple Inc. will post 4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 12th. Investors of record on Monday, November 9th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, November 6th. Apple’s dividend payout ratio is currently 25.00%.
A number of equities analysts have recently issued reports on AAPL shares. Citigroup raised their target price on shares of Apple from $112.50 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. UBS Group set a $115.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Friday, October 30th. Sanford C. Bernstein restated a “neutral” rating and set a $100.00 target price on shares of Apple in a research report on Wednesday, September 16th. Macquarie restated a “hold” rating and set a $66.60 target price on shares of Apple in a research report on Tuesday, September 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Apple from $111.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, October 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Apple currently has an average rating of “Buy” and an average price target of $111.70.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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