AT Bancorp reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 30.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,871 shares of the iPhone maker’s stock after selling 19,326 shares during the quarter. Apple accounts for about 0.7% of AT Bancorp’s investment portfolio, making the stock its 14th biggest holding. AT Bancorp’s holdings in Apple were worth $6,318,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management increased its stake in Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after purchasing an additional 4,137 shares in the last quarter. Green Square Capital LLC increased its stake in Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after purchasing an additional 5,491 shares in the last quarter. Headinvest LLC increased its stake in Apple by 2.5% during the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after purchasing an additional 390 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after purchasing an additional 9,663 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA increased its stake in Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after purchasing an additional 779 shares in the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $171.10 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $868,109.50, a PE ratio of 18.38, a PEG ratio of 1.35 and a beta of 1.23. Apple Inc. has a 52 week low of $108.25 and a 52 week high of $176.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. sell-side analysts expect 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. Stockholders of record on Monday, November 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s payout ratio is presently 27.39%.
In other news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated 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 a total of 410,352 shares of company stock valued at $65,356,512 in the last quarter. Company insiders own 0.08% of the company’s stock.
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A number of analysts have recently commented on the stock. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $176.88 price target for the company. in a research note on Friday. UBS AG set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $160.08 price target (down from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Longbow Research reiterated a “buy” rating and issued a $173.00 price target on shares of Apple in a research note on Friday, August 11th. Finally, Instinet reiterated a “buy” rating and issued a $175.00 price target (up from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. Apple presently has an average rating of “Buy” and a consensus target price of $200.24.
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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