Roffman Miller Associates Inc. PA Increases Position in Apple Inc. (AAPL)

Roffman Miller Associates Inc. PA lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 139,262 shares of the iPhone maker’s stock after purchasing an additional 3,274 shares during the quarter. Apple accounts for about 2.8% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 13th largest holding. Roffman Miller Associates Inc. PA owned about 26.96% of Apple worth $21,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Janus Henderson Group PLC raised its holdings in shares of Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after buying an additional 4,483,360 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Apple by 200.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after buying an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Apple by 25.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after buying an additional 2,138,928 shares in the last quarter. 60.23% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (AAPL) opened at $156.41 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple Inc. has a 1 year low of $132.05 and a 1 year high of $180.10. The firm has a market capitalization of $793,630.00, a P/E ratio of 16.09, a P/E/G ratio of 1.18 and a beta of 1.33.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same period in the previous year, the company posted $3.36 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. research analysts predict that Apple Inc. will post 11.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.61%. Apple’s dividend payout ratio is presently 25.93%.

In related news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the sale, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on AAPL. BidaskClub cut Apple from a “hold” rating to a “sell” rating in a report on Friday, January 26th. BMO Capital Markets cut Apple from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Bank of America reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Apple in a research note on Thursday. Finally, KeyCorp raised Apple from a “sector weight” rating to an “overweight” rating and lifted their price target for the stock from $173.75 to $187.00 in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $201.72.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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