Nottingham Advisors Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,779 shares of the iPhone maker’s stock after selling 100 shares during the period. Nottingham Advisors Inc.’s holdings in Apple were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Glacier Peak Capital LLC purchased a new position in shares of Apple during the fourth quarter worth approximately $127,000. Portfolio Solutions LLC purchased a new position in shares of Apple during the first quarter worth approximately $169,000. Fox Run Management L.L.C. purchased a new position in shares of Apple during the first quarter worth approximately $201,000. Salem Capital Management Inc. purchased a new position in shares of Apple during the first quarter worth approximately $226,000. Finally, Access Financial Services Inc. purchased a new position in shares of Apple during the fourth quarter worth approximately $261,000. 60.45% of the stock is owned by institutional investors and hedge funds.
In other Apple news, insider Johny Srouji sold 5,892 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now directly owns 70,358 shares of the company’s stock, valued at $11,327,638. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold 432,930 shares of company stock valued at $69,008,577 over the last three months. Company insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.01% during trading on Friday, reaching $159.88. The company’s stock had a trading volume of 49,114,602 shares. The firm has a market cap of $825.82 billion, a PE ratio of 18.15 and a beta of 1.27. The company’s 50 day moving average price is $158.97 and its 200 day moving average price is $149.42. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, August 10th. Apple’s payout ratio is 28.64%.
Several research firms have issued reports on AAPL. Drexel Hamilton reaffirmed a “buy” rating and issued a $202.00 price target on shares of Apple in a report on Thursday, July 6th. Barclays PLC reaffirmed a “hold” rating and issued a $146.00 price target on shares of Apple in a report on Monday, September 4th. Instinet reaffirmed a “buy” rating and issued a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Apple in a report on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price target on shares of Apple in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus target price of $187.63.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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