NewFocus Financial Group LLC Has $11.65 Million Holdings in Apple Inc. (NASDAQ:AAPL)

NewFocus Financial Group LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,085 shares of the iPhone maker’s stock after selling 1,131 shares during the period. Apple comprises 7.2% of NewFocus Financial Group LLC’s investment portfolio, making the stock its 3rd biggest position. NewFocus Financial Group LLC’s holdings in Apple were worth $11,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Apple during the fourth quarter worth about $5,625,709,000. Fisher Asset Management LLC increased its stake in shares of Apple by 1.2% during the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after purchasing an additional 140,368 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares in the last quarter. AQR Capital Management LLC grew its stake in Apple by 2.5% during the 4th quarter. AQR Capital Management LLC now owns 6,605,140 shares of the iPhone maker’s stock valued at $765,008,000 after acquiring an additional 161,560 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its stake in Apple by 1.3% during the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 5,174,924 shares of the iPhone maker’s stock valued at $743,409,000 after acquiring an additional 66,038 shares in the last quarter. 60.45% of the stock is owned by institutional investors and hedge funds.

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Apple Inc. (NASDAQ AAPL) traded up 1.01% during midday trading on Friday, hitting $159.88. The stock had a trading volume of 49,114,602 shares. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The firm has a 50-day moving average price of $158.97 and a 200-day moving average price of $149.42. The firm has a market capitalization of $825.82 billion, a price-to-earnings ratio of 18.15 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 EPS. On average, equities research analysts anticipate that Apple Inc. will post $9.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued 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 of this dividend was Thursday, August 10th. Apple’s payout ratio is presently 28.64%.

In related news, SVP Johny Srouji sold 10,469 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the transaction, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 432,930 shares of company stock worth $69,008,577 over the last three months. 0.08% of the stock is owned by insiders.

Several research firms have weighed in on AAPL. UBS AG reiterated a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Saturday, May 20th. Credit Suisse Group reiterated an “outperform” rating and issued a $170.00 target price on shares of Apple in a report on Tuesday, June 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $130.00 target price on shares of Apple in a report on Tuesday, June 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $170.00 target price on shares of Apple in a report on Tuesday, July 25th. Finally, Sanford C. Bernstein reiterated a “buy” rating and issued 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $187.63.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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