Janney Capital Management LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,965 shares of the iPhone maker’s stock after purchasing an additional 2,812 shares during the quarter. Janney Capital Management LLC’s holdings in Apple were worth $21,571,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Blue Sky Asset Management LLC acquired a new position in Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC boosted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC acquired a new position in Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. boosted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC boosted its holdings in Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after purchasing an additional 500 shares in the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) opened at $179.97 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $922,049.69, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.37 and a beta of 1.19. Apple Inc. has a 52 week low of $138.62 and a 52 week high of $183.50.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 earnings per share. research analysts expect that Apple Inc. will post 11.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is currently 25.90%.
AAPL has been the subject of several research analyst reports. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a report on Tuesday, November 14th. Wells Fargo & Co reissued a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $176.88 price objective for the company. in a report on Friday, November 17th. Nomura set a $185.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Apple in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $201.57.
In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.
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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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