Daiwa Securities Group Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 310,054 shares of the iPhone maker’s stock after purchasing an additional 2,388 shares during the period. Daiwa Securities Group Inc.’s holdings in Apple were worth $69,442,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Monument Capital Management boosted its holdings in Apple by 2.2% during the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock worth $491,000 after acquiring an additional 53 shares during the last quarter. Trinity Legacy Partners LLC raised its holdings in shares of Apple by 66.8% in the second quarter. Trinity Legacy Partners LLC now owns 18,789 shares of the iPhone maker’s stock valued at $3,776,000 after purchasing an additional 7,523 shares during the last quarter. Pictet North America Advisors SA raised its holdings in shares of Apple by 3.3% in the second quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock valued at $25,932,000 after purchasing an additional 4,170 shares during the last quarter. Capital Bank & Trust Co lifted its position in shares of Apple by 0.4% during the second quarter. Capital Bank & Trust Co now owns 621,074 shares of the iPhone maker’s stock valued at $122,994,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Rockland Trust Co. lifted its position in shares of Apple by 4.8% during the second quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after purchasing an additional 948 shares in the last quarter. 59.19% of the stock is currently owned by hedge funds and other institutional investors.
AAPL traded up $5.13 during midday trading on Friday, hitting $270.71. The stock had a trading volume of 25,447,644 shares, compared to its average volume of 20,559,496. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $268.25. The company has a market cap of $1,180.04 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. The business has a fifty day moving average of $256.55 and a 200 day moving average of $218.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54.
Apple (NASDAQ:AAPL) last released its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The company had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. During the same quarter last year, the firm earned $2.91 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 13.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, November 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.
Several equities research analysts have commented on the stock. Bank of America reiterated a “buy” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Apple in a research note on Wednesday, September 11th. Barclays upped their price objective on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Piper Jaffray Companies lifted their target price on Apple from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. ValuEngine downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Nomura lifted their price target on shares of Apple from $205.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $246.46.
In other Apple news, COO Jeffrey E. Williams sold 67,554 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $219.04, for a total value of $14,797,028.16. Following the completion of the sale, the chief operating officer now owns 237,517 shares in the company, valued at $52,025,723.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 61,659 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $228.38, for a total transaction of $14,081,682.42. Following the completion of the transaction, the chief financial officer now owns 85,507 shares in the company, valued at approximately $19,528,088.66. The disclosure for this sale can be found here. Insiders have sold a total of 182,998 shares of company stock valued at $42,351,593 over the last 90 days. 0.05% of the stock is currently owned by company insiders.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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