Apple Inc. (AAPL) Shares Sold by Bender Robert & Associates
Bender Robert & Associates lessened its position in Apple Inc. (NASDAQ:AAPL) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,896 shares of the iPhone maker’s stock after selling 930 shares during the period. Apple accounts for about 12.4% of Bender Robert & Associates’ portfolio, making the stock its biggest holding. Bender Robert & Associates’ holdings in Apple were worth $20,292,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Harbour Capital Advisors LLC boosted 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 purchasing an additional 4,483,360 shares in the last quarter. Canada Pension Plan Investment Board boosted 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 purchasing an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apple during the 1st quarter valued at about $190,134,000. State of Wisconsin Investment Board boosted 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 purchasing an additional 749,158 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted 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 purchasing an additional 716,683 shares in the last quarter. 59.41% of the stock is owned by institutional investors and hedge funds.
In other news, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,965 shares of company stock valued at $24,074,614. Corporate insiders own 0.08% of the company’s stock.
AAPL has been the topic of several research analyst reports. Barclays restated a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price target (up previously from $182.00) on shares of Apple in a report on Tuesday, September 12th. Macquarie increased their price target on Apple from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Atlantic Securities set a $175.00 price target on Apple and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average target price of $200.24.
Shares of Apple Inc. (AAPL) opened at $169.48 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 52 week low of $108.25 and a 52 week high of $176.24. The stock has a market capitalization of $888,595.44, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.39 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Apple Inc. will post 11.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 27.39%.
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Apple Company Profile
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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