Apple Inc. (NASDAQ:AAPL) Holdings Maintained by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. held its position in Apple Inc. (NASDAQ:AAPL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,367 shares of the iPhone maker’s stock at the close of the first quarter. Apple accounts for 1.6% of Meridian Investment Counsel Inc.’s holdings, making the stock its 13th biggest holding. Meridian Investment Counsel Inc.’s holdings in Apple were worth $2,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Stonehearth Capital Management LLC raised its holdings in shares of Apple by 0.8% during 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. Sippican Capital Advisors raised its holdings in shares of Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after acquiring an additional 26 shares during the last quarter. Cordasco Financial Network raised its holdings in shares of Apple by 1.0% during the first quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock valued at $457,000 after acquiring an additional 31 shares during the last quarter. Wall Street Access Asset Management LLC raised its holdings in shares of Apple by 0.3% during the fourth quarter. Wall Street Access Asset Management LLC now owns 18,345 shares of the iPhone maker’s stock valued at $2,124,000 after acquiring an additional 50 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of Apple by 1.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,618 shares of the iPhone maker’s stock valued at $807,000 after acquiring an additional 73 shares during the last quarter. 60.45% of the stock is owned by institutional investors.

A number of equities analysts have commented on AAPL shares. Wells Fargo & Company reissued 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 company a “buy” rating in a report on Friday, May 19th. UBS AG reissued 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 company a “buy” rating in a report on Saturday, May 20th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $160.00 target price on shares of Apple in a report on Tuesday, May 23rd. Eleven analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Shares of Apple Inc. (AAPL) traded up 1.01% during mid-day trading on Friday, reaching $159.88. 49,114,602 shares of the company were exchanged. The firm has a 50-day moving average price of $158.97 and a 200 day moving average price of $149.42. The stock has a market capitalization of $825.82 billion, a P/E ratio of 18.15 and a beta of 1.27. 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 10th. Apple’s dividend payout ratio is presently 28.64%.

In other news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,930 shares of company stock valued at $69,008,577. Insiders own 0.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/meridian-investment-counsel-inc-continues-to-hold-position-in-apple-inc-aapl/1566549.html.

About Apple

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.