Nomura Asset Management Co. Ltd. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,882 shares of the iPhone maker’s stock after purchasing an additional 217,640 shares during the period. Apple accounts for approximately 2.9% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its largest holding. Nomura Asset Management Co. Ltd.’s holdings in Apple were worth $224,534,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Stone House Investment Management LLC increased its stake in shares of Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. grew its stake in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares during the period. Karp Capital Management Corp grew its stake in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after purchasing an additional 22 shares during the period. Berkeley Capital Partners LLC grew its stake in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares during the period. Finally, Cutler Investment Counsel LLC grew its stake in shares of Apple by 1.0% during the second quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock worth $571,000 after purchasing an additional 38 shares during the period. 61.41% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on AAPL shares. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective for the company. in a research note on Friday, December 1st. UBS Group set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Morgan Stanley reaffirmed a “buy” rating and set a $205.00 price objective (up from $200.00) on shares of Apple in a research note on Tuesday, January 23rd. Sanford C. Bernstein cut Apple from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. Finally, HSBC set a $204.00 price objective on Apple and gave the stock a “buy” rating in a research note on Tuesday, January 30th. One equities research 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 company’s stock. Apple has an average rating of “Buy” and a consensus price target of $201.57.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 earnings per share. equities analysts forecast that Apple Inc. will post 11.43 EPS for the current year.
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. This represents a $2.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 25.90%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.06% of the stock is owned by insiders.
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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