Davis R M Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 479,527 shares of the iPhone maker’s stock after selling 16,945 shares during the period. Apple makes up 2.9% of Davis R M Inc.’s holdings, making the stock its largest position. Davis R M Inc.’s holdings in Apple were worth $69,061,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AAPL. Harbour Capital Advisors LLC raised its position in shares of Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after acquiring an additional 4,483,360 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Apple by 23.2% during the 1st 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 acquiring an additional 1,749,797 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apple during the 1st quarter valued at $190,134,000. State of Wisconsin Investment Board raised its position in shares of Apple by 15.5% during the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Apple by 502.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after acquiring an additional 716,683 shares during the last quarter. Institutional investors own 60.38% of the company’s stock.
A number of research firms recently commented on AAPL. UBS AG restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Barclays PLC restated a “hold” rating and issued a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Finally, Royal Bank Of Canada upped their price objective on shares of Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $200.24.
Apple Inc. (NASDAQ:AAPL) opened at $171.10 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1-year low of $108.25 and a 1-year high of $176.24. The firm has a market cap of $868,109.50, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the 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 business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio is currently 27.39%.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the transaction, the insider now directly owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. Insiders have sold 410,352 shares of company stock worth $65,356,512 in the last ninety days. Insiders own 0.08% of the company’s stock.
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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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