Steward Partners Investment Advisory LLC bought a new stake in shares of Apple (NASDAQ:AAPL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 230,050 shares of the iPhone maker’s stock, valued at approximately $35,455,000. Apple comprises 3.6% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its 2nd biggest position.
A number of other institutional investors also recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Apple in the 2nd quarter worth approximately $400,000. Blue Sky Asset Management LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $108,000. FNY Managed Accounts LLC raised its holdings in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the last quarter. Armbruster Capital Management Inc. raised its holdings in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC raised its holdings in Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.36 EPS. equities research analysts forecast that Apple will post 11.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 25.90%.
AAPL has been the subject of a number of recent analyst reports. Macquarie set a $188.00 price target on shares of Apple and gave the company a “buy” rating in a report on Friday, January 26th. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a report on Thursday, January 18th. Barclays lowered their price target on shares of Apple from $174.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price target on shares of Apple in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $201.53.
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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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