Cedar Capital LLC Has $604,000 Stake in Apple Inc. (AAPL)

Cedar Capital LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,919 shares of the iPhone maker’s stock after selling 827 shares during the period. Cedar Capital LLC’s holdings in Apple were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares in the last quarter. Karp Capital Management Corp grew its holdings in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after purchasing an additional 22 shares in the last quarter. Welch Investments LLC grew its holdings in shares of Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.

Apple Inc. (AAPL) opened at $172.43 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $877,753.56, a P/E ratio of 17.72, a P/E/G ratio of 1.30 and a beta of 1.31. Apple Inc. has a twelve month low of $134.84 and a twelve month high of $180.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.36 earnings per share. research analysts expect that Apple Inc. will post 11.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. Apple’s dividend payout ratio is presently 25.90%.

Several brokerages have recently commented on AAPL. Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday. BidaskClub raised Apple from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets lowered Apple from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and set a $220.00 price objective on shares of Apple in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $201.64.

In related news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the transaction, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,771 shares of company stock valued at $19,419,429. 0.08% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/cedar-capital-llc-has-604000-stake-in-apple-inc-aapl/1887664.html.

Apple 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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.