Apple Inc. (AAPL) Shares Bought by Sentry Investments Corp.

Sentry Investments Corp. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 66.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,800 shares of the iPhone maker’s stock after acquiring an additional 35,800 shares during the quarter. Sentry Investments Corp.’s holdings in Apple were worth $12,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Sky Asset Management LLC acquired a new position in Apple in the second quarter worth approximately $108,000. Hefty Wealth Partners grew its position in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Apple in the first quarter worth approximately $117,000. Private Vista LLC acquired a new position in Apple in the second quarter worth approximately $122,000. Finally, Armbruster Capital Management Inc. grew its position in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

In other news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,326 shares of company stock valued at $35,290,561. Company insiders own 0.08% of the company’s stock.

Apple Inc. (NASDAQ AAPL) opened at $169.64 on Wednesday. The firm has a market cap of $871,806.19, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. 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 Inc. has a 52-week low of $109.16 and a 52-week high of $176.24.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. equities analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is 27.39%.

Several research firms have issued reports on AAPL. UBS set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Monday. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a research report on Friday, December 1st. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Wells Fargo & Company reiterated a “market perform” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $200.27.

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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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