Watch Point Trust Co lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,918 shares of the iPhone maker’s stock after selling 1,550 shares during the quarter. Apple accounts for 3.9% of Watch Point Trust Co’s investment portfolio, making the stock its 2nd largest position. Watch Point Trust Co’s holdings in Apple were worth $4,303,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Stone House Investment Management LLC grew its position in shares of Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares during the period. Karp Capital Management Corp lifted its stake in shares of Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares during the period. Welch Investments LLC lifted its stake in shares of Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares during the period. Finally, Berkeley Capital Partners LLC lifted its stake in shares of Apple by 0.6% in the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 60.23% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up $1.88 on Friday, hitting $156.41. 66,723,743 shares of the company traded hands, compared to its average volume of 38,450,000. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $793,630.00, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. Apple Inc. has a fifty-two week low of $132.05 and a fifty-two week high of $180.10.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.36 earnings per share. equities research analysts expect that Apple Inc. will post 11.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s payout ratio is 25.93%.
In other news, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,412 shares of company stock valued at $22,115,155. Company insiders own 0.08% of the company’s stock.
A number of analysts have commented on the company. Maxim Group reissued a “buy” rating and issued a $193.00 target price on shares of Apple in a report on Friday, October 27th. started coverage on Apple in a research report on Wednesday, October 25th. They issued a “buy” rating and a $193.00 target price on the stock. Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a research report on Tuesday, October 24th. UBS Group restated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $201.72.
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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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