Day & Ennis LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,069 shares of the iPhone maker’s stock after acquiring an additional 698 shares during the quarter. Apple comprises 1.6% of Day & Ennis LLC’s holdings, making the stock its 20th largest position. Day & Ennis LLC’s holdings in Apple were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Green Square Capital LLC increased its holdings in shares of Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after purchasing an additional 5,491 shares during the period. YHB Investment Advisors Inc. increased its holdings in shares of Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after purchasing an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA increased its holdings in shares of Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after purchasing an additional 779 shares during the period. Carnick & Kubik Group LLC increased its holdings in shares of Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares during the period. Finally, GenTrust LLC increased its holdings in shares of Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the period. 59.78% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the transaction, the insider now owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,967 shares of company stock worth $37,944,683. 0.08% of the stock is owned by company insiders.
Several research firms recently issued reports on AAPL. Drexel Hamilton reiterated a “buy” rating and set a $208.00 price target on shares of Apple in a research report on Thursday, August 24th. Canaccord Genuity reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, August 22nd. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target on the stock in a research report on Thursday, August 17th. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, UBS reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $200.27.
Apple Inc. (NASDAQ:AAPL) opened at $172.67 on Tuesday. The company has a market cap of $886,540.00, a price-to-earnings ratio of 18.41, a PEG ratio of 1.36 and a beta of 1.24. 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 Inc. has a fifty-two week low of $112.49 and a fifty-two week high of $176.24.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $52.58 billion for 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%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. research analysts forecast that Apple Inc. will post 11.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders 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 1.46%. Apple’s dividend payout ratio (DPR) is presently 27.42%.
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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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