Apple Inc. (AAPL) Holdings Lifted by Balentine LLC
Balentine LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 30.2% in the 3rd quarter, Holdings Channel reports. The firm owned 16,685 shares of the iPhone maker’s stock after buying an additional 3,867 shares during the period. Apple makes up approximately 0.2% of Balentine LLC’s investment portfolio, making the stock its 18th largest position. Balentine LLC’s holdings in Apple were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smithfield Trust Co. lifted its stake in Apple by 1.9% during the second quarter. Smithfield Trust Co. now owns 20,142 shares of the iPhone maker’s stock valued at $2,901,000 after purchasing an additional 373 shares during the last quarter. Eagle Ridge Investment Management lifted its stake in Apple by 3.8% during the second quarter. Eagle Ridge Investment Management now owns 63,319 shares of the iPhone maker’s stock valued at $8,572,000 after purchasing an additional 2,303 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in Apple by 0.5% during the second quarter. Capital Investment Advisory Services LLC now owns 14,062 shares of the iPhone maker’s stock valued at $2,025,000 after purchasing an additional 71 shares during the last quarter. Lucas Capital Management lifted its stake in Apple by 5.0% during the second quarter. Lucas Capital Management now owns 42,185 shares of the iPhone maker’s stock valued at $6,075,000 after purchasing an additional 2,001 shares during the last quarter. Finally, JLB & Associates Inc. acquired a new stake in Apple during the second quarter valued at approximately $12,251,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.
Several analysts recently commented on the stock. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price for the company. in a research note on Wednesday, February 14th. UBS Group set a $190.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a research report on Thursday, January 18th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price target on shares of Apple in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group began coverage on shares of Apple in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $161.00 price target for the company. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $201.57.
Shares of Apple Inc. (NASDAQ AAPL) opened at $179.97 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. Apple Inc. has a 1-year low of $138.62 and a 1-year high of $183.50. The firm has a market cap of $913,170.00, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the prior year, the firm earned $3.36 EPS. The business’s revenue was up 12.7% on a year-over-year basis. equities research analysts predict that Apple Inc. will post 11.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 24.66%.
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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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