Lucas Capital Management lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,185 shares of the iPhone maker’s stock after acquiring an additional 2,001 shares during the quarter. Apple accounts for approximately 4.4% of Lucas Capital Management’s portfolio, making the stock its largest holding. Lucas Capital Management’s holdings in Apple were worth $6,075,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Hefty Wealth Partners boosted its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter worth about $117,000. State of Alaska Department of Revenue purchased a new stake in Apple during the second quarter worth about $149,000. D. Scott Neal Inc. boosted its holdings in Apple by 19.8% during the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after buying an additional 200 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock worth $193,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.
In related news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on 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 available through this link. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 411,389 shares of company stock valued at $65,364,467. 0.08% of the stock is currently owned by company insiders.
Shares of Apple Inc. (NASDAQ AAPL) opened at $173.97 on Tuesday. 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 company has a market capitalization of $896,810.25, a PE ratio of 18.99, a PEG ratio of 1.40 and a beta of 1.23. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $176.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The company 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%. Apple’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. sell-side analysts predict that Apple Inc. will post 11.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.45%. Apple’s dividend payout ratio (DPR) is presently 27.39%.
A number of research firms recently commented on AAPL. Argus boosted their price objective on shares of Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, November 6th. HSBC Holdings plc set a $193.00 price target on shares of Apple and gave the company a “buy” rating in a report on Wednesday, November 1st. Maxim Group reaffirmed a “buy” rating and issued a $193.00 price target on shares of Apple in a report on Thursday, November 2nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Loop Capital upped their price target on shares of Apple from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $199.14.
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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