Tanaka Capital Management Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,925 shares of the iPhone maker’s stock after acquiring an additional 1,933 shares during the period. Apple comprises approximately 7.9% of Tanaka Capital Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Tanaka Capital Management Inc.’s holdings in Apple were worth $3,533,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. IFM Investors Pty Ltd raised its stake in shares of Apple by 2.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 146,049 shares of the iPhone maker’s stock worth $22,509,000 after purchasing an additional 2,866 shares during the period. Yellowstone Partners LLC bought a new stake in shares of Apple during the 3rd quarter worth $5,449,000. Independent Advisor Alliance raised its stake in shares of Apple by 3.7% during the 3rd quarter. Independent Advisor Alliance now owns 132,762 shares of the iPhone maker’s stock worth $20,690,000 after purchasing an additional 4,706 shares during the period. Fieldpoint Private Securities LLC raised its stake in shares of Apple by 9.1% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 33,989 shares of the iPhone maker’s stock worth $5,238,000 after purchasing an additional 2,830 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Apple by 2,670.5% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 8,838 shares of the iPhone maker’s stock worth $1,362,000 after purchasing an additional 8,519 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) opened at $178.44 on Thursday. 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 12-month low of $138.62 and a 12-month high of $183.50. The firm has a market capitalization of $913,170.19, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share 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 during the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. equities research analysts forecast that Apple Inc. will post 11.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.41%. Apple’s dividend payout ratio (DPR) is presently 25.90%.
In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and set a $205.00 target price on shares of Apple in a research note on Friday, March 9th. Rosenblatt Securities set a $180.00 target price on Apple and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $183.68 target price on the stock. in a research note on Tuesday, March 6th. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, BidaskClub upgraded Apple from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus price target of $201.57.
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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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