Several other institutional investors have also bought and sold shares of AAPL. Windsor Capital Management LLC purchased a new stake in Apple during the third quarter worth approximately $877,000. Korea Investment CORP boosted its stake in Apple by 6.0% in the third quarter. Korea Investment CORP now owns 4,318,492 shares of the iPhone maker’s stock worth $488,206,000 after buying an additional 243,139 shares during the last quarter. Bailard Inc. boosted its stake in Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock worth $20,519,000 after buying an additional 34,162 shares during the last quarter. Hancock Holding Co. boosted its stake in Apple by 10.3% in the third quarter. Hancock Holding Co. now owns 4,225 shares of the iPhone maker’s stock worth $478,000 after buying an additional 395 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Apple by 13.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,660,632 shares of the iPhone maker’s stock worth $187,734,000 after buying an additional 196,957 shares during the last quarter. 58.76% of the stock is currently owned by institutional investors.
Fulton Bank N.A. cut its position in Apple Inc. (NASDAQ:AAPL) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,982 shares of the iPhone maker’s stock after selling 7,173 shares during the period. Apple accounts for about 1.7% of Fulton Bank N.A.’s portfolio, making the stock its 15th largest position. Fulton Bank N.A.’s holdings in Apple were worth $20,828,000 as of its most recent filing with the SEC.
Shares of Apple Inc. (NASDAQ:AAPL) opened at 153.93 on Tuesday. The stock’s 50 day moving average price is $149.69 and its 200 day moving average price is $133.21. The firm has a market cap of $802.57 billion, a price-to-earnings ratio of 18.06 and a beta of 1.26. Apple Inc. has a 12 month low of $91.50 and a 12 month high of $156.65.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $2.02 by $0.08. The company had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. Apple had a net margin of 20.85% and a return on equity of 33.20%. Equities research analysts predict that Apple Inc. will post $8.94 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were given a dividend of $0.63 per share. This is a boost from Apple’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.52 annualized dividend and a dividend yield of 1.64%. Apple’s payout ratio is presently 27.31%.
A number of equities research analysts have commented on the stock. Raymond James Financial, Inc. restated an “outperform” rating and set a $159.00 target price (up previously from $152.00) on shares of Apple in a research note on Monday, April 3rd. Goldman Sachs Group Inc restated a “buy” rating and set a $150.00 target price on shares of Apple in a research note on Wednesday, April 12th. Rosenblatt Securities restated a “neutral” rating and set a $120.00 target price on shares of Apple in a research note on Monday, April 17th. FBN Securities raised their target price on shares of Apple from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Finally, Bank of America Corp restated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday. Eight analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $159.71. In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $143.98, for a total transaction of $1,720,417.02. Following the completion of the sale, the insider now owns 35,847 shares in the company, valued at approximately $5,161,251.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip W. Schiller sold 47,796 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $143.32, for a total transaction of $6,850,122.72. Following the sale, the insider now owns 94,010 shares of the company’s stock, valued at approximately $13,473,513.20. The disclosure for this sale can be found here. Insiders have sold a total of 430,705 shares of company stock valued at $64,608,919 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
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.