Millie Capital Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,438 shares of the iPhone maker’s stock after buying an additional 119 shares during the period. Apple accounts for 2.1% of Millie Capital Management LLC’s holdings, making the stock its 20th largest position. Millie Capital Management LLC’s holdings in Apple were worth $2,218,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in AAPL. Saratoga Research & Investment Management raised its position in Apple by 0.6% in the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares during the period. Pinnacle Bank bought a new position in Apple during the first quarter worth $1,924,000. Norges Bank bought a new position in Apple during the fourth quarter worth $5,625,709,000. Perigon Wealth Management LLC raised its position in Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after buying an additional 8,233 shares during the period. Finally, IFM Investors Pty Ltd bought a new position in Apple during the fourth quarter worth $7,910,000. Institutional investors and hedge funds own 61.50% of the company’s stock.
Apple Inc. (AAPL) traded up 0.37% during mid-day trading on Friday, reaching $159.86. 25,480,063 shares of the company’s stock traded hands. The firm has a market cap of $825.71 billion, a price-to-earnings ratio of 18.15 and a beta of 1.31. The firm’s 50-day moving average price is $153.93 and its 200 day moving average price is $146.76. Apple Inc. has a one year low of $102.53 and a one year high of $162.51.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the business earned $1.42 earnings per share. Apple’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post $9.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 10th. Apple’s payout ratio is currently 28.64%.
Apple declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 6.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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A number of equities research analysts have commented on AAPL shares. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research report on Thursday, August 10th. Nomura set a $165.00 price objective on Apple and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. BMO Capital Markets restated a “buy” rating and set a $160.00 price objective on shares of Apple in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $164.00 price objective (up from $150.00) on shares of Apple in a research report on Wednesday, May 3rd. Finally, UBS AG set a $165.00 price objective on Apple and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $167.73.
In related news, insider Craig Federighi sold 63,163 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.07, for a total transaction of $9,984,175.41. Following the completion of the sale, the insider now directly owns 359,988 shares in the company, valued at $56,903,303.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 10,019 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $153.96, for a total transaction of $1,542,525.24. Following the transaction, the insider now directly owns 91,291 shares of the company’s stock, valued at approximately $14,055,162.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,140 shares of company stock valued at $29,045,404. 0.08% of the stock is owned by company insiders.
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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