Mercer Capital Advisers Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,898 shares of the iPhone maker’s stock after acquiring an additional 20 shares during the quarter. Apple comprises about 4.3% of Mercer Capital Advisers Inc.’s holdings, making the stock its 6th biggest holding. Mercer Capital Advisers Inc.’s holdings in Apple were worth $5,746,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Planning Alternatives Ltd. ADV boosted its position in shares of Apple by 0.7% in the second quarter. Planning Alternatives Ltd. ADV now owns 15,399 shares of the iPhone maker’s stock valued at $2,218,000 after acquiring an additional 109 shares during the period. First National Bank Sioux Falls boosted its position in shares of Apple by 26.2% in the second quarter. First National Bank Sioux Falls now owns 4,521 shares of the iPhone maker’s stock valued at $651,000 after acquiring an additional 940 shares during the period. YHB Investment Advisors Inc. boosted its position in shares of Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares during the period. Oakworth Capital Inc. boosted its position in shares of Apple by 24.7% in the second quarter. Oakworth Capital Inc. now owns 84,608 shares of the iPhone maker’s stock valued at $12,185,000 after acquiring an additional 16,783 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Apple by 1.3% in the second quarter. Sei Investments Co. now owns 1,886,686 shares of the iPhone maker’s stock valued at $271,719,000 after acquiring an additional 24,340 shares during the period. Institutional investors own 60.38% of the company’s stock.
A number of equities analysts have recently commented on AAPL shares. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research report on Thursday, August 10th. Loop Capital assumed coverage on shares of Apple in a research report on Monday, July 24th. They set a “buy” rating and a $172.00 target price for the company. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Friday, July 21st. UBS AG reiterated a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co set a $165.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $199.14.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $174.67 on Monday. The company has a market capitalization of $896,810.25, a P/E ratio of 18.99, a PEG ratio of 1.40 and a beta of 1.23. Apple Inc. has a 12-month low of $104.08 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 posted its quarterly earnings data 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 business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. 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 earned $1.50 earnings per share. sell-side analysts anticipate that Apple Inc. will post 11.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
In other news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold 411,389 shares of company stock valued at $65,364,467 over the last 90 days. Company insiders own 0.08% of the company’s stock.
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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