Cetera Investment Advisers Has $8.20 Million Stake in Apple Inc. (AAPL)
Cetera Investment Advisers grew its position in Apple Inc. (NASDAQ:AAPL) by 9.8% in the 3rd quarter, Holdings Channel reports. The firm owned 53,267 shares of the iPhone maker’s stock after purchasing an additional 4,755 shares during the period. Apple comprises about 1.8% of Cetera Investment Advisers’ portfolio, making the stock its 3rd largest holding. Cetera Investment Advisers’ holdings in Apple were worth $8,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Jarislowsky Fraser Ltd boosted its position in Apple by 22.4% during the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after purchasing an additional 4,118 shares during the period. Empirical Financial Services LLC boosted its position in Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares during the period. Carnick & Kubik Group LLC boosted its position in Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares during the period. GenTrust LLC boosted its position in Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the period. Finally, Ramsay Stattman Vela & Price Inc. boosted its position in Apple by 3.3% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after purchasing an additional 1,668 shares during the period. Institutional investors own 61.41% of the company’s stock.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $205.00 target price on shares of Apple in a research report on Friday, March 9th. Rosenblatt Securities set a $180.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $183.68 target price for the company. in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, BidaskClub upgraded shares of Apple from a “sell” rating to a “hold” rating in a research report on Saturday, February 17th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $201.57.
Shares of Apple Inc. (NASDAQ AAPL) opened at $178.44 on Thursday. The firm has a market cap of $913,170.19, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.36 and a beta of 1.19. Apple Inc. has a fifty-two week low of $138.62 and a fifty-two week high of $183.50. 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 (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.36 earnings per share. equities analysts expect that Apple Inc. will post 11.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 25.90%.
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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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