Apple Inc. (AAPL) is BW Gestao de Investimentos Ltda.’s 10th Largest Position
BW Gestao de Investimentos Ltda. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 26.9% during the third quarter, Holdings Channel reports. The fund owned 37,719 shares of the iPhone maker’s stock after purchasing an additional 8,000 shares during the period. Apple makes up about 1.2% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 10th biggest holding. BW Gestao de Investimentos Ltda.’s holdings in Apple were worth $5,813,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the second quarter worth approximately $108,000. FNY Managed Accounts LLC lifted its stake 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 worth $115,000 after acquiring an additional 716 shares during the period. Private Vista LLC acquired a new position in shares of Apple in the second quarter worth approximately $122,000. Armbruster Capital Management Inc. lifted its stake 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 worth $131,000 after acquiring an additional 78 shares during the period. Finally, Crow Point Partners LLC lifted its stake 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 worth $153,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.
AAPL has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Apple in a research note on Wednesday, December 13th. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities lifted their price objective on Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Nomura set a $185.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Argus lifted their price objective on Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average target price of $201.58.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.36 EPS. analysts forecast that Apple Inc. will post 11.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.43%. Apple’s dividend payout ratio (DPR) is presently 25.90%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’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 transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.
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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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