Dowling & Yahnke LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,666 shares of the iPhone maker’s stock after selling 570 shares during the period. Apple comprises about 2.1% of Dowling & Yahnke LLC’s holdings, making the stock its 4th biggest position. Dowling & Yahnke LLC’s holdings in Apple were worth $20,601,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Berkshire Hathaway Inc. boosted its position in shares of Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the period. Capital Research Global Investors boosted its position in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Legal & General Group Plc boosted its position in shares of Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after acquiring an additional 771,046 shares during the period. Janus Henderson Group PLC boosted its position in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Finally, Swiss National Bank boosted its position in shares of Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after acquiring an additional 79,100 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were 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 in the company, valued at approximately $2,401,302.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.
A number of equities analysts have recently commented on AAPL shares. Citigroup restated a “buy” rating and issued a $200.00 price objective on shares of Apple in a research report on Wednesday, December 13th. Bank of America lowered shares of Apple from a “buy” rating to a “neutral” rating and raised their price objective for the company from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities raised their price objective on shares of Apple from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Nomura set a $185.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, UBS Group set a $190.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned 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 target price of $201.57.
Shares of Apple Inc. (NASDAQ AAPL) traded down $1.65 during mid-day trading on Wednesday, hitting $178.32. 23,443,399 shares of the stock were exchanged, compared to its average volume of 43,250,000. Apple Inc. has a 1 year low of $138.62 and a 1 year high of $183.50. The company has a market cap of $904,340.00, a PE ratio of 17.45, a PEG ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the previous year, the business posted $3.36 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts expect that Apple Inc. will post 11.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 24.66%.
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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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