Doliver Capital Advisors LP raised its stake in Apple Inc. (NASDAQ:AAPL) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,028 shares of the iPhone maker’s stock after purchasing an additional 460 shares during the quarter. Doliver Capital Advisors LP’s holdings in Apple were worth $621,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Blue Sky Asset Management LLC acquired a new position in Apple during the second quarter worth $108,000. FNY Managed Accounts LLC raised its holdings 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 purchasing an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in Apple during the second quarter worth $122,000. Armbruster Capital Management Inc. raised its holdings in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC raised its holdings in Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 59.70% of the company’s stock.
In other Apple news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eduardo H. Cue sold 65,361 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold 112,771 shares of company stock worth $19,419,429 in the last 90 days. 0.06% of the stock is currently owned by insiders.
Several brokerages recently issued reports on AAPL. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price objective for the company. in a report on Wednesday, February 14th. Citigroup reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, December 4th. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a report on Thursday, January 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price objective on shares of Apple in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Apple has a consensus rating of “Buy” and an average price target of $201.64.
Apple Inc. (NASDAQ:AAPL) traded down $0.56 during trading hours on Monday, hitting $172.43. The company had a trading volume of 40,176,000 shares, compared to its average volume of 40,499,352. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple Inc. has a fifty-two week low of $135.10 and a fifty-two week high of $180.10. The firm has a market capitalization of $874,910.00, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33.
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 Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the prior year, the firm posted $3.36 earnings per share. Apple’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities research analysts expect that Apple Inc. will post 11.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is currently 24.66%.
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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.
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