HL Financial Services LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,455,836 shares of the iPhone maker’s stock after acquiring an additional 5,548 shares during the period. Apple accounts for approximately 4.2% of HL Financial Services LLC’s investment portfolio, making the stock its 3rd biggest position. HL Financial Services LLC’s holdings in Apple were worth $209,671,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Capital Advisors LLC grew its stake in shares of Apple by 14,030.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after buying an additional 4,483,360 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Apple by 23.2% in 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 buying an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Apple in the 1st quarter valued at approximately $190,134,000. State of Wisconsin Investment Board grew its stake in shares of Apple by 15.5% in the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after buying an additional 749,158 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Apple by 502.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock worth $123,742,000 after acquiring an additional 716,683 shares during the last quarter. 59.87% of the stock is owned by institutional investors.
Several equities analysts have recently commented on AAPL shares. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a report on Thursday, August 10th. Loop Capital started coverage on shares of Apple in a report on Monday, July 24th. They issued a “buy” rating and a $172.00 price objective on the stock. UBS AG restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Monday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $165.00 price objective on shares of Apple in a report on Thursday, July 27th. Finally, Citigroup Inc. set a $170.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $200.24.
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In other news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 410,352 shares of company stock valued at $65,356,512. Company insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $170.15 on Monday. The stock has a market capitalization of $873,603.19, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. equities research analysts anticipate that Apple Inc. will post 11.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. Apple’s payout ratio is presently 27.39%.
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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