Clean Yield Group decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 72,895 shares of the iPhone maker’s stock after selling 1,816 shares during the period. Apple accounts for about 4.5% of Clean Yield Group’s holdings, making the stock its largest position. Clean Yield Group’s holdings in Apple were worth $10,862,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC raised its stake in shares of Apple by 10.7% in the fourth quarter. CWA Asset Management Group LLC now owns 71,110 shares of the iPhone maker’s stock valued at $8,236,000 after buying an additional 6,852 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of Apple by 2.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 46,827 shares of the iPhone maker’s stock valued at $5,423,000 after buying an additional 965 shares during the last quarter. WS Management Lllp purchased a new stake in shares of Apple during the fourth quarter valued at approximately $11,489,000. RBO & Co. LLC raised its stake in shares of Apple by 0.4% in the fourth quarter. RBO & Co. LLC now owns 86,670 shares of the iPhone maker’s stock valued at $10,038,000 after buying an additional 335 shares during the last quarter. Finally, Glenview Trust Co purchased a new stake in shares of Apple during the fourth quarter valued at approximately $26,019,000. 61.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) opened at 158.81 on Tuesday. The stock has a 50 day moving average of $147.04 and a 200-day moving average of $142.60. The firm has a market capitalization of $821.01 billion, a P/E ratio of 18.03 and a beta of 1.31. Apple Inc. has a 1-year low of $102.53 and a 1-year high of $158.92.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. On average, equities analysts expect that Apple Inc. will post $9.00 earnings per share for the current year.
Apple announced that its Board of Directors has approved a share repurchase program on Tuesday, May 2nd that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 10th. Apple’s dividend payout ratio (DPR) is presently 28.64%.
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Several brokerages have commented on AAPL. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $164.42 price target on the stock. in a research note on Monday. Bank of America Corporation reiterated a “buy” rating and set a $180.00 price objective (up previously from $175.00) on shares of Apple in a research note on Wednesday, August 2nd. Argus reiterated an “outperform” rating and set a $160.00 price objective on shares of Apple in a research note on Monday, May 15th. Hilliard Lyons raised their price objective on shares of Apple from $147.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $180.00 price objective (up previously from $165.00) on shares of Apple in a research note on Tuesday, May 16th. Thirteen research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $167.54.
In related news, insider Eduardo H. Cue sold 45,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $153.78, for a total value of $6,920,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Federighi sold 64,500 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $153.62, for a total value of $9,908,490.00. Following the completion of the sale, the insider now directly owns 447,151 shares of the company’s stock, valued at approximately $68,691,336.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,500 shares of company stock valued at $29,971,446. Insiders own 0.08% of the company’s stock.
Apple Company 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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