IFM Investors Pty Ltd increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 32.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,183 shares of the iPhone maker’s stock after buying an additional 34,780 shares during the period. Apple accounts for approximately 5.2% of IFM Investors Pty Ltd’s holdings, making the stock its biggest holding. IFM Investors Pty Ltd’s holdings in Apple were worth $20,621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bienville Capital Management LLC raised its holdings in Apple by 15.2% during the 2nd quarter. Bienville Capital Management LLC now owns 28,243 shares of the iPhone maker’s stock worth $4,068,000 after purchasing an additional 3,716 shares during the last quarter. Dearborn Partners LLC raised its holdings in Apple by 1.1% during the 2nd quarter. Dearborn Partners LLC now owns 222,413 shares of the iPhone maker’s stock worth $32,032,000 after purchasing an additional 2,327 shares during the last quarter. LSV Asset Management raised its holdings in Apple by 7.3% during the 2nd quarter. LSV Asset Management now owns 1,613,592 shares of the iPhone maker’s stock worth $232,389,000 after purchasing an additional 110,100 shares during the last quarter. Polaris Greystone Financial Group LLC raised its holdings in Apple by 18.7% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 29,449 shares of the iPhone maker’s stock worth $4,241,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Apple by 0.3% during the 2nd quarter. Manchester Capital Management LLC now owns 54,422 shares of the iPhone maker’s stock worth $7,838,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.
In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,326 shares of company stock valued at $35,290,561. Insiders own 0.08% of the company’s stock.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the prior year, the business earned $1.50 EPS. Apple’s revenue for the quarter was up 12.2% compared to the same quarter last year. analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 27.39%.
AAPL has been the subject of several recent research reports. Barclays reissued a “hold” rating and set a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 price objective on shares of Apple in a report on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $194.00 price objective (up from $182.00) on shares of Apple in a report on Tuesday, September 12th. Mizuho set a $160.00 price objective on Apple and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective for the company. in a report on Friday, December 1st. Seven analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $200.27.
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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