Global X Management Co. LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,809 shares of the iPhone maker’s stock after purchasing an additional 1,554 shares during the period. Global X Management Co. LLC’s holdings in Apple were worth $5,157,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. FC Advisory LLC raised its holdings in shares of Apple by 0.4% in the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after buying an additional 10 shares during the period. Lenox Wealth Advisors Inc. raised its holdings in shares of Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares during the period. BerganKDV Wealth Management LLC raised its holdings in shares of Apple by 0.4% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after buying an additional 20 shares during the period. Welch Investments LLC raised its holdings in shares of Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after buying an additional 23 shares during the period. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of Apple by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock valued at $951,000 after buying an additional 26 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on AAPL shares. UBS AG reiterated a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Monday, July 31st. KeyCorp reiterated an “equal weight” rating on shares of Apple in a report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company reiterated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada upped their price target on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $200.24.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the transaction, the insider now directly owns 70,358 shares in the company, valued at $11,327,638. The disclosure for this sale can be found here. Over the last three months, insiders have sold 410,352 shares of company stock worth $65,356,512. Company insiders own 0.08% of the company’s stock.
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Shares of Apple Inc. (AAPL) opened at $169.98 on Tuesday. 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 Inc. has a one year low of $108.25 and a one year high of $176.24. The stock has a market cap of $872,730.00, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25.
Apple (NASDAQ:AAPL) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the previous year, the business earned $1.50 EPS. The company’s revenue was up 12.2% on a year-over-year basis. equities research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 27.42%.
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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