Anderson Hoagland & Co. Sells 5,505 Shares of Apple Inc. (AAPL)

Anderson Hoagland & Co. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,015 shares of the iPhone maker’s stock after selling 5,505 shares during the period. Apple makes up approximately 2.8% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 6th largest position. Anderson Hoagland & Co.’s holdings in Apple were worth $4,323,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AAPL. Norges Bank bought a new stake in shares of Apple during the fourth quarter valued at approximately $5,625,709,000. Glenview Capital Management LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $365,191,000. Canada Pension Plan Investment Board increased its stake in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apple during the first quarter valued at approximately $190,134,000. Finally, Numeric Investors LLC increased its stake in shares of Apple by 99.0% in the fourth quarter. Numeric Investors LLC now owns 1,718,307 shares of the iPhone maker’s stock valued at $199,014,000 after buying an additional 854,920 shares in the last quarter. 61.50% of the stock is owned by institutional investors and hedge funds.

Shares of Apple Inc. (AAPL) traded up 0.16% on Friday, hitting $159.52. The stock had a trading volume of 16,169,322 shares. Apple Inc. has a 1-year low of $102.53 and a 1-year high of $162.51. The company has a market capitalization of $823.96 billion, a PE ratio of 18.11 and a beta of 1.31. The firm has a 50-day moving average of $153.45 and a 200 day moving average of $146.55.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the company posted $1.42 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.58%. Apple’s payout ratio is currently 28.64%.

Apple announced that its board has initiated a stock buyback program on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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AAPL has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on Apple from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Monday, May 22nd. Morgan Stanley upped their target price on Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 target price (up from $165.00) on shares of Apple in a report on Wednesday, August 2nd. They noted that the move was a valuation call. Rosenblatt Securities set a $120.00 target price on Apple and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 target price (up from $175.00) on shares of Apple in a report on Wednesday, August 2nd. Eleven analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $167.73.

In other Apple news, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80. Following the completion of the transaction, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares of the company’s stock, valued at $184,098,035.14. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $29,045,404 over the last three months. Corporate insiders own 0.08% of the company’s stock.

About Apple

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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