USA Financial Portformulas Corp reduced its position in Apple Inc. (NASDAQ:AAPL) by 21.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,084 shares of the iPhone maker’s stock after selling 18,068 shares during the period. Apple comprises about 2.3% of USA Financial Portformulas Corp’s portfolio, making the stock its 2nd biggest holding. USA Financial Portformulas Corp’s holdings in Apple were worth $9,373,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC raised its position in Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after acquiring an additional 4,483,360 shares during the period. Capital Research Global Investors raised its position in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock worth $686,338,000 after acquiring an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. raised its position in Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after acquiring an additional 2,138,928 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) opened at $173.97 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 1-year low of $114.76 and a 1-year high of $176.24. The stock has a market cap of $884,231.25, a PE ratio of 18.72, a P/E/G ratio of 1.38 and a beta of 1.22.
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 Zacks’ 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 firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is currently 27.39%.
A number of research firms have weighed in on AAPL. Citigroup restated a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Wednesday. Stifel Nicolaus restated a “sell” rating and set a $26.00 price objective (up from $22.00) on shares of Apple in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $192.00 price objective on shares of Apple in a research report on Thursday, December 7th. Tigress Financial restated a “strong-buy” rating on shares of Apple in a research report on Wednesday, December 6th. Finally, UBS set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $197.57.
In related news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock valued at $37,944,683 in the last three months. 0.08% of the stock is currently owned by insiders.
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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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