Kelly Lawrence W & Associates Inc. CA lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,299 shares of the iPhone maker’s stock after selling 2,198 shares during the period. Apple makes up about 5.3% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its largest position. Kelly Lawrence W & Associates Inc. CA’s holdings in Apple were worth $26,686,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of AAPL. Benedict Financial Advisors Inc. grew its position in shares of Apple by 0.9% in the 1st quarter. Benedict Financial Advisors Inc. now owns 38,906 shares of the iPhone maker’s stock worth $5,589,000 after buying an additional 328 shares during the last quarter. iAB Financial Bank grew its position in Apple by 1.8% during the 1st quarter. iAB Financial Bank now owns 56,947 shares of the iPhone maker’s stock worth $8,184,000 after purchasing an additional 995 shares during the last quarter. Seatown Holdings Pte. Ltd. purchased a new stake in Apple during the 1st quarter worth approximately $26,843,000. Sumitomo Mitsui Asset Management Company LTD grew its position in Apple by 1.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 559,788 shares of the iPhone maker’s stock worth $80,419,000 after purchasing an additional 6,777 shares during the last quarter. Finally, Saratoga Research & Investment Management grew its position in Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after purchasing an additional 4,137 shares during the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Insiders have sold 217,326 shares of company stock valued at $35,290,561 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
AAPL has been the topic of several research analyst reports. Barclays reissued a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 target price on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $194.00 target price (up previously from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Mizuho set a $160.00 target price on shares of Apple and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Finally, Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 target price on the stock. in a research report on Friday, December 1st. Seven research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $200.27.
Apple Inc. (AAPL) traded up $0.31 on Thursday, hitting $169.32. 25,660,846 shares of the company traded hands, compared to its average volume of 27,263,555. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 1 year low of $110.60 and a 1 year high of $176.24. The firm has a market cap of $872,060.00, a PE ratio of 18.44, a P/E/G ratio of 1.36 and a beta of 1.24.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is presently 27.42%.
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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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