Hefty Wealth Partners Purchases 174 Shares of Apple Inc. (AAPL)
Hefty Wealth Partners boosted its position in Apple Inc. (NASDAQ:AAPL) by 27.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 804 shares of the iPhone maker’s stock after purchasing an additional 174 shares during the period. Hefty Wealth Partners’ holdings in Apple were worth $115,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in Apple in the 1st quarter worth about $117,000. Portfolio Solutions LLC acquired a new position in Apple in the 1st quarter worth about $169,000. Fox Run Management L.L.C. acquired a new position in Apple in the 1st quarter worth about $201,000. Stone House Investment Management LLC acquired a new position in Apple in the 1st quarter worth about $225,000. Finally, Salem Capital Management Inc. acquired a new position in Apple in the 1st quarter worth about $226,000. 60.45% of the stock is owned by institutional investors and hedge funds.
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Apple Inc. (NASDAQ AAPL) traded up 1.01% on Friday, hitting $159.88. 49,114,602 shares of the company’s stock traded hands. The stock has a market cap of $825.82 billion, a PE ratio of 18.15 and a beta of 1.27. The stock has a 50-day moving average of $158.97 and a 200-day moving average of $149.42. Apple Inc. has a one year low of $104.08 and a one year high of $164.94.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter in the previous year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.58%. Apple’s payout ratio is 28.64%.
In other news, SVP Johny Srouji sold 10,469 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the completion of the sale, the senior vice president now owns 76,250 shares of the company’s stock, valued at $12,367,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP D Bruce Sewell sold 31,625 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the sale, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at approximately $17,778,555.90. The disclosure for this sale can be found here. Insiders sold 432,930 shares of company stock valued at $69,008,577 in the last ninety days. 0.08% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on AAPL shares. UBS AG reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research note on Saturday, May 20th. Canaccord Genuity reissued a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Wednesday. Loop Capital reissued a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Saturday. Royal Bank Of Canada reissued an “outperform” rating and issued a $160.08 price target (down previously from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Finally, Instinet reissued a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $187.63.
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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