Seatown Holdings Pte. Ltd. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,000 shares of the iPhone maker’s stock after selling 27,850 shares during the quarter. Apple accounts for approximately 3.2% of Seatown Holdings Pte. Ltd.’s investment portfolio, making the stock its 12th largest holding. Seatown Holdings Pte. Ltd.’s holdings in Apple were worth $22,899,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Hefty Wealth Partners raised its position in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Apple during the first quarter valued at approximately $117,000. State of Alaska Department of Revenue purchased a new position in Apple during the second quarter valued at approximately $149,000. D. Scott Neal Inc. raised its position in Apple by 19.8% during the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 200 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC raised its position in Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after acquiring an additional 52 shares in the last quarter. 60.38% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Chris Kondo sold 6,209 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $161.96, for a total transaction of $1,005,609.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 10,469 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value 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 $12,367,750. The disclosure for this sale can be found here. Insiders have sold 411,389 shares of company stock valued at $65,364,467 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $174.67 on Monday. The company has a market capitalization of $896,810.25, a P/E ratio of 18.99, a PEG ratio of 1.40 and a beta of 1.23. Apple Inc. has a fifty-two week low of $104.08 and a fifty-two week high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. sell-side analysts predict that Apple Inc. will post 11.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
Several brokerages recently weighed in on AAPL. Argus lifted their price target on Apple from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, November 6th. KeyCorp reiterated a “buy” rating and set a $192.00 price target on shares of Apple in a research report on Friday, November 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $152.00 price target on shares of Apple in a research report on Friday, November 3rd. Canaccord Genuity reiterated a “buy” rating and set a $195.00 price target (up from $180.00) on shares of Apple in a research report on Friday, November 3rd. Finally, Morgan Stanley set a $200.00 price target on Apple and gave the company a “buy” rating in a research report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Apple currently has an average rating of “Buy” and an average target price of $199.14.
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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