ClariVest Asset Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 1,049,931 shares of the iPhone maker’s stock after selling 45,136 shares during the period. Apple comprises approximately 3.6% of ClariVest Asset Management LLC’s investment portfolio, making the stock its biggest holding. ClariVest Asset Management LLC’s holdings in Apple were worth $161,817,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in AAPL. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Apple in the 2nd quarter worth approximately $400,000. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter worth approximately $108,000. FNY Managed Accounts LLC boosted its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC boosted its stake in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $178.12 on Thursday. The company has a market capitalization of $903,780.00, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple Inc. has a 12 month low of $137.05 and a 12 month high of $180.62.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.63 per share. 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 other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Vetr downgraded Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a research note on Wednesday, February 14th. Citigroup restated a “buy” rating and issued a $200.00 target price (up previously from $170.00) on shares of Apple in a research note on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Thursday, January 18th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, nineteen 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. The stock has a consensus rating of “Buy” and a consensus target price of $201.58.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.