Rothschild Investment Corp IL reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,066 shares of the iPhone maker’s stock after selling 2,751 shares during the quarter. Apple accounts for 3.4% of Rothschild Investment Corp IL’s portfolio, making the stock its biggest holding. Rothschild Investment Corp IL’s holdings in Apple were worth $30,254,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Saratoga Research & Investment Management lifted its holdings in shares of Apple by 0.6% during the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after purchasing an additional 4,137 shares in the last quarter. Pinnacle Bank bought a new position in shares of Apple during the first quarter valued at $1,924,000. Green Square Capital LLC lifted its holdings in shares of Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after purchasing an additional 5,491 shares in the last quarter. Headinvest LLC lifted its holdings in shares of Apple by 2.5% during the second quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after purchasing an additional 390 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Apple during the fourth quarter valued at $5,625,709,000. 60.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (AAPL) traded down 1.11% during midday trading on Wednesday, reaching $159.08. The company’s stock had a trading volume of 32,323,682 shares. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The stock has a 50 day moving average of $158.37 and a 200-day moving average of $149.12. The company has a market capitalization of $821.68 billion, a P/E ratio of 18.06 and a beta of 1.27.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.42 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, August 10th. Apple’s dividend payout ratio (DPR) is presently 28.64%.
In other news, SVP D Bruce Sewell sold 31,625 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at $17,778,555.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were 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 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 432,930 shares of company stock valued at $69,008,577 over the last quarter. Insiders own 0.08% of the company’s stock.
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AAPL has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target 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 price target 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 price target (up from $165.00) on shares of Apple in a report on Wednesday, August 2nd. They noted that the move was a valuation call. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target (up from $175.00) on shares of Apple in a report on Wednesday, August 2nd. Finally, Cleveland Research raised Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Tuesday, August 29th. Eleven equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $169.52.
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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