Thompson Investment Management Inc. grew its stake in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,522 shares of the iPhone maker’s stock after acquiring an additional 396 shares during the period. Thompson Investment Management Inc.’s holdings in Apple were worth $2,084,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter worth about $108,000. FNY Managed Accounts LLC grew its holdings in 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 during the period. Private Vista LLC bought a new position in Apple during the second quarter worth about $122,000. Armbruster Capital Management Inc. grew its holdings in 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 during the period. Finally, Crow Point Partners LLC grew its holdings in 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 during the period. Institutional investors own 59.70% of the company’s stock.
AAPL has been the subject of several research reports. Citigroup restated a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Wednesday, December 13th. Bank of America downgraded shares of Apple from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities raised their price objective on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective (up from $196.00) on shares of Apple in a research report on Tuesday, October 31st. Finally, Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $201.58.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. The company 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%. Apple’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.36 earnings per share. analysts forecast that Apple Inc. will post 11.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.41%. Apple’s payout ratio is 24.66%.
In related news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 96,643 shares of company stock worth $16,603,803. 0.06% of the stock is owned by company 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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