Goodman Financial Corp increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 56,731 shares of the iPhone maker’s stock after acquiring an additional 1,025 shares during the quarter. Apple comprises 4.3% of Goodman Financial Corp’s holdings, making the stock its 4th largest position. Goodman Financial Corp’s holdings in Apple were worth $8,743,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Blue Sky Asset Management LLC purchased a new stake in shares of Apple in the second quarter valued at about $108,000. FNY Managed Accounts LLC raised its holdings in shares of Apple by 852.4% in the second 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. Private Vista LLC purchased a new stake in shares of Apple in the second quarter valued at about $122,000. Armbruster Capital Management Inc. raised its holdings in shares of Apple by 9.4% in the second 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 shares of Apple by 100.0% in the third 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. Hedge funds and other institutional investors own 60.18% of the company’s stock.

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock valued at $22,115,155 over the last three months. 0.06% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on AAPL. Mizuho reaffirmed a “neutral” rating and issued a $175.00 target price (up from $160.00) on shares of Apple in a report on Friday, January 19th. Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Barclays set a $174.00 target price on shares of Apple and gave the company a “neutral” rating in a report on Thursday, January 18th. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and upped their target price for the company from $180.00 to $220.00 in a report on Wednesday, January 17th. Finally, Atlantic Securities cut shares of Apple from an “overweight” rating to a “neutral” rating and upped their target price for the company from $177.35 to $190.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.72.

Apple Inc. (AAPL) opened at $156.41 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $793,626.44, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. Apple Inc. has a one year low of $132.05 and a one year high of $180.10.

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 analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. Apple’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.36 EPS. equities research analysts predict that Apple Inc. will post 11.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s payout ratio is 25.90%.

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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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