Anchor Capital Advisors LLC Cuts Position in Apple Inc. (AAPL)

Anchor Capital Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,721 shares of the iPhone maker’s stock after selling 5,392 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Apple were worth $23,147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Hefty Wealth Partners raised its holdings in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in Apple in the 1st quarter valued at about $117,000. State of Alaska Department of Revenue acquired a new stake in Apple in the 2nd quarter valued at about $149,000. D. Scott Neal Inc. raised its holdings in Apple by 19.8% in the 2nd 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 during the last quarter. Finally, Advocacy Wealth Management Services LLC raised its holdings in Apple by 4.0% in the 2nd 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 during the last quarter. 60.38% of the stock is currently owned by institutional investors and hedge funds.

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In related news, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,389 shares of company stock worth $65,364,467. Insiders own 0.08% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at $173.97 on Tuesday. Apple Inc. has a 52 week low of $104.08 and a 52 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. The company has a market cap of $896,810.25, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Apple Inc. will post 11.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.45%. Apple’s payout ratio is currently 27.39%.

AAPL has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $160.08 price target (down previously from $176.00) on shares of Apple in a report on Wednesday, August 9th. Sanford C. Bernstein set a $195.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Friday, November 3rd. Argus lifted their price objective on shares of Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Longbow Research reaffirmed a “buy” rating and set a $173.00 price objective on shares of Apple in a research report on Friday, August 11th. Seven analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $199.14.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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