Financial Advisory Service Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,953 shares of the iPhone maker’s stock after acquiring an additional 580 shares during the period. Apple comprises about 1.1% of Financial Advisory Service Inc.’s holdings, making the stock its 22nd largest holding. Financial Advisory Service Inc.’s holdings in Apple were worth $3,594,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AAPL. Fisher Asset Management LLC grew its holdings in shares of Apple by 1.2% during the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after acquiring an additional 140,368 shares during the period. Benedict Financial Advisors Inc. grew its holdings in shares of Apple by 0.9% during the 1st quarter. Benedict Financial Advisors Inc. now owns 38,906 shares of the iPhone maker’s stock worth $5,589,000 after acquiring an additional 328 shares during the period. iAB Financial Bank grew its holdings in shares of Apple by 1.8% during the 1st quarter. iAB Financial Bank now owns 56,947 shares of the iPhone maker’s stock worth $8,184,000 after acquiring an additional 995 shares during the period. Seatown Holdings Pte. Ltd. purchased a new stake in shares of Apple in the 1st quarter worth approximately $26,843,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Apple by 1.2% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 559,788 shares of the iPhone maker’s stock worth $80,419,000 after buying an additional 6,777 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.
Shares of Apple Inc. (AAPL) opened at $170.15 on Monday. Apple Inc. has a one year low of $108.25 and a one year high of $176.24. The stock has a market cap of $873,603.19, a PE ratio of 18.50, a P/E/G ratio of 1.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
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. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Apple’s revenue was up 12.2% compared to the same quarter last year. equities analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Apple’s dividend payout ratio (DPR) is 27.39%.
Several analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and issued a $170.00 price target on shares of Apple in a research note on Tuesday, July 25th. Barclays PLC reaffirmed a “hold” rating and issued a $146.00 price objective on shares of Apple in a research report on Tuesday, August 15th. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $166.96 price objective on the stock in a research report on Thursday, August 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $175.00 price objective (up from $170.00) on shares of Apple in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. set a $170.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $200.24.
In other news, CEO Timothy D. Cook sold 268,623 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The disclosure for this sale can be found here. In the last three months, insiders sold 410,352 shares of company stock valued at $65,356,512. Corporate insiders own 0.08% of the company’s stock.
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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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