Westover Capital Advisors LLC Has $5.06 Million Position in Apple Inc. (AAPL)

Westover Capital Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,126 shares of the iPhone maker’s stock after selling 744 shares during the quarter. Apple accounts for about 3.3% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Westover Capital Advisors LLC’s holdings in Apple were worth $5,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Sky Asset Management LLC purchased a new position in Apple during the second quarter valued at approximately $108,000. Hefty Wealth Partners lifted its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. FNY Managed Accounts LLC lifted its holdings in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Apple during the first quarter valued at approximately $117,000. Finally, Private Vista LLC purchased a new position in Apple during the second quarter valued at approximately $122,000. 59.78% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (AAPL) opened at $172.67 on Tuesday. Apple Inc. has a 1 year low of $112.49 and a 1 year high of $176.24. The firm has a market cap of $886,540.00, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping 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 company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.42%.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock worth $37,944,683 in the last quarter. Company insiders own 0.08% of the company’s stock.

Several equities analysts have weighed in on the stock. KeyCorp reaffirmed a “buy” rating and set a $192.00 price target on shares of Apple in a report on Thursday, December 7th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Apple in a report on Wednesday, December 6th. UBS set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, December 4th. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a report on Friday, December 1st. Finally, Nomura set a $185.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, November 27th. Seven equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. Apple currently has an average rating of “Buy” and a consensus price target of $200.27.

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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