Numeric Investors LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 33.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,660,577 shares of the iPhone maker’s stock after acquiring an additional 411,800 shares during the quarter. Apple accounts for approximately 2.1% of Numeric Investors LLC’s holdings, making the stock its biggest holding. Numeric Investors LLC’s holdings in Apple were worth $239,156,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Blue Sky Asset Management LLC bought a new position in shares of Apple in the second quarter worth approximately $108,000. Hefty Wealth Partners grew its holdings in shares of 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. FNY Managed Accounts LLC grew its holdings in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of Apple in the first quarter worth approximately $117,000. Finally, Private Vista LLC bought a new position in shares of Apple in the second quarter worth approximately $122,000. 59.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last three months, insiders sold 217,326 shares of company stock valued at $35,290,561. 0.08% of the stock is owned by insiders.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. research analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.39%.
AAPL has been the topic of several recent analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price target on shares of Apple in a report on Thursday, August 24th. Canaccord Genuity reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Tuesday, August 22nd. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target on the stock in a report on Thursday, August 17th. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, UBS reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $200.27.
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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