Apple Inc. (AAPL) Shares Bought by Zacks Investment Management

Zacks Investment Management raised its holdings in Apple Inc. (NASDAQ:AAPL) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,180 shares of the iPhone maker’s stock after purchasing an additional 4,966 shares during the period. Zacks Investment Management’s holdings in Apple were worth $31,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Sky Asset Management LLC acquired a new position in Apple during the second quarter worth $108,000. Hefty Wealth Partners boosted its stake in Apple by 27.6% during 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. FNY Managed Accounts LLC boosted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Apple during the first quarter worth $117,000. Finally, Private Vista LLC acquired a new position in Apple during the second quarter worth $122,000. 59.56% of the stock is currently owned by institutional investors.

Apple Inc. (NASDAQ AAPL) opened at $169.37 on Friday. The stock has a market capitalization of $867,750.06, a PE ratio of 18.37, a PEG ratio of 1.35 and a beta of 1.22. Apple Inc. has a 1 year low of $112.31 and a 1 year 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 announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The firm 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 in the prior year, the firm earned $1.50 EPS. equities research analysts predict 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. Investors of record on Monday, November 13th were given a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.49%. Apple’s dividend payout ratio (DPR) is presently 27.39%.

A number of research firms have weighed in on AAPL. Nomura set a $185.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective on the stock. in a research note on Thursday, November 23rd. Wells Fargo & Company restated a “market perform” rating and issued a $195.00 target price on shares of Apple in a research report on Tuesday, November 14th. Finally, Argus lifted their target price on Apple from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average price target of $200.27.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated 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 sold 217,326 shares of company stock valued at $35,290,561. Insiders own 0.08% of the company’s stock.

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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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