Security Asset Management Has $2.26 Million Stake in Apple Inc. (AAPL)

Security Asset Management decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.8% during the third quarter, HoldingsChannel.com reports. The firm owned 14,681 shares of the iPhone maker’s stock after selling 1,064 shares during the period. Apple comprises 1.8% of Security Asset Management’s investment portfolio, making the stock its 23rd biggest holding. Security Asset Management’s holdings in Apple were worth $2,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Apple during the 2nd quarter valued at approximately $400,000. Blue Sky Asset Management LLC purchased a new position in shares of Apple during the 2nd quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC lifted its position in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares in the last quarter. 59.70% of the stock is currently owned by institutional investors and hedge funds.

Apple Inc. (AAPL) opened at $172.43 on Monday. The firm has a market capitalization of $874,912.06, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple Inc. has a 52-week low of $135.10 and a 52-week high of $180.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 EPS. equities research analysts anticipate that Apple Inc. will post 11.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 25.90%.

AAPL has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Monday, October 23rd. Royal Bank of Canada reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Monday, October 23rd. Drexel Hamilton reiterated a “buy” rating and set a $208.00 target price on shares of Apple in a research report on Monday, October 30th. Maxim Group reiterated a “buy” rating and set a $193.00 target price on shares of Apple in a research report on Friday, October 27th. Finally, initiated coverage on Apple in a research report on Wednesday, October 25th. They set a “buy” rating and a $193.00 target price on the stock. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $201.64.

In other news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now owns 81,560 shares in the company, valued at approximately $14,246,900.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value 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 approximately $2,942,594.29. The disclosure for this sale can be found here. Insiders sold a total of 112,771 shares of company stock valued at $19,419,429 in the last quarter. Company insiders own 0.06% 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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