EP Wealth Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,201 shares of the iPhone maker’s stock after selling 6,620 shares during the period. Apple accounts for about 3.0% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. EP Wealth Advisors LLC’s holdings in Apple were worth $24,080,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc. lifted its position in Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after acquiring an additional 834,854 shares during the last quarter. Capital Research Global Investors lifted its position in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Legal & General Group Plc lifted its position in Apple by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares during the last quarter. Janus Henderson Group PLC lifted its position in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank lifted its position in Apple by 1.5% during the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after acquiring an additional 275,400 shares during the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the stock. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price objective on the stock in a report on Thursday, August 17th. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a report on Thursday, August 24th. Canaccord Genuity restated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 22nd. Finally, UBS restated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $197.57.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s 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 transaction, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the completion of the transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 232,967 shares of company stock worth $37,944,683. Company insiders own 0.08% of the company’s stock.
Apple Inc. (AAPL) opened at $172.27 on Thursday. The company has a market cap of $886,541.63, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. Apple Inc. has a 12-month low of $114.76 and a 12-month high of $176.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. equities research analysts predict that Apple Inc. will post 11.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. Apple’s dividend payout ratio (DPR) is presently 27.39%.
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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