Asset Advisors Corp reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,898 shares of the iPhone maker’s stock after selling 100 shares during the quarter. Asset Advisors Corp’s holdings in Apple were worth $705,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. FC Advisory LLC boosted its holdings in Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after acquiring an additional 10 shares during the last quarter. Stonehearth Capital Management LLC boosted its holdings in Apple by 0.8% in the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after acquiring an additional 20 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its holdings in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after acquiring an additional 20 shares during the last quarter. BerganKDV Wealth Management LLC boosted its holdings in Apple by 0.4% during the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after buying an additional 20 shares during the last quarter. Finally, Sippican Capital Advisors boosted its holdings in Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after buying an additional 26 shares during the last quarter. Institutional investors own 60.45% of the company’s stock.
A number of equities analysts have issued reports on AAPL shares. Wells Fargo & Company restated a “market perform” rating and set a $140.00 target price on shares of Apple in a report on Friday, May 19th. Royal Bank Of Canada set a $157.00 target price on Apple and gave the stock a “buy” rating in a report on Friday, May 19th. UBS AG restated a “buy” rating and set a $170.00 target price on shares of Apple in a report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a $170.00 target price on Apple and gave the stock a “buy” rating in a report on Saturday, May 20th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $160.00 price target on shares of Apple in a research report on Tuesday, May 23rd. Eleven research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $187.63.
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In other Apple news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,930 shares of company stock valued at $69,008,577. Insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.102% on Friday, hitting $160.025. 30,538,452 shares of the stock traded hands. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94. The firm has a market cap of $826.57 billion, a P/E ratio of 18.168 and a beta of 1.27. The firm’s 50-day moving average is $158.70 and its 200 day moving average is $149.26.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Equities research analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.59%. Apple’s dividend payout ratio (DPR) is presently 28.64%.
Apple Company Profile
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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