Lakeview Capital Partners LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,497 shares of the iPhone maker’s stock after selling 283 shares during the quarter. Apple accounts for 3.7% of Lakeview Capital Partners LLC’s portfolio, making the stock its 2nd largest position. Lakeview Capital Partners LLC’s holdings in Apple were worth $4,536,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of AAPL. Hefty Wealth Partners boosted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in Apple in the first quarter worth approximately $117,000. State of Alaska Department of Revenue purchased a new stake in Apple in the second quarter worth approximately $149,000. D. Scott Neal Inc. boosted its holdings in Apple by 19.8% in the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in Apple by 4.0% in the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock worth $193,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.
Several research analysts have weighed in on AAPL shares. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price target (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research upgraded shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price objective on the stock in a research report on Tuesday, August 29th. Bank of America Corporation restated a “buy” rating and set a $180.00 price objective (up from $175.00) on shares of Apple in a research report on Wednesday, August 2nd. UBS AG restated a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Monday, July 31st. Finally, Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a research report on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $200.24.
Apple Inc. (NASDAQ AAPL) opened at $170.15 on Friday. Apple Inc. has a 1 year low of $108.25 and a 1 year 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. The firm has a market cap of $873,603.19, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.36 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same period last year, the firm posted $1.50 EPS. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Apple’s payout ratio is currently 27.39%.
In other Apple news, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the sale, the insider now directly owns 70,358 shares in the company, valued at approximately $11,327,638. The sale 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 on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold a total of 410,352 shares of company stock worth $65,356,512 over the last 90 days. 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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.