Apple Inc. (AAPL) Holdings Lifted by Lbmc Investment Advisors LLC
Lbmc Investment Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,014 shares of the iPhone maker’s stock after buying an additional 450 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Apple were worth $927,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Sky Asset Management LLC acquired a new stake in shares of Apple during the second quarter worth about $108,000. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in shares of Apple during the second quarter worth about $122,000. Armbruster Capital Management Inc. lifted its position in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC lifted its position in shares of Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter last year, the company earned $3.36 earnings per share. Apple’s quarterly revenue was up 12.7% compared to the same quarter last year. equities research analysts expect that Apple Inc. will post 11.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 25.90%.
Several brokerages recently weighed in on AAPL. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 target price on the stock. in a report on Friday, December 1st. UBS Group set a $190.00 target price on shares of Apple and gave the company a “buy” rating in a report on Friday, January 5th. Morgan Stanley reaffirmed a “buy” rating and issued a $205.00 target price (up previously from $200.00) on shares of Apple in a report on Tuesday, January 23rd. Sanford C. Bernstein cut shares of Apple from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $170.00 in a report on Friday, February 2nd. Finally, HSBC set a $204.00 target price on shares of Apple and gave the company a “buy” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $201.58.
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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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