KAMES CAPITAL plc Has $73,388,000 Position in Apple Inc. (AAPL)
KAMES CAPITAL plc cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 767,652 shares of the iPhone maker’s stock after selling 77,314 shares during the period. Apple comprises about 2.1% of KAMES CAPITAL plc’s portfolio, making the stock its 17th largest position. KAMES CAPITAL plc’s holdings in Apple were worth $73,388,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of AAPL. AR Asset Management Inc. increased its stake in shares of Apple by 1.0% in the first quarter. AR Asset Management Inc. now owns 84,335 shares of the iPhone maker’s stock valued at $9,192,000 after buying an additional 800 shares during the last quarter. CWH Capital Management Inc. increased its stake in Apple by 0.5% in the first quarter. CWH Capital Management Inc. now owns 6,483 shares of the iPhone maker’s stock worth $707,000 after buying an additional 31 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Apple by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,927,055 shares of the iPhone maker’s stock worth $319,020,000 after buying an additional 40,288 shares in the last quarter. Hilltop Park Associates LLC bought a new stake in Apple during the first quarter worth approximately $5,449,000. Finally, Gerber Kawasaki Wealth & Investment Management increased its stake in Apple by 4.3% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 158,680 shares of the iPhone maker’s stock worth $17,294,000 after buying an additional 6,565 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc. (NASDAQ:AAPL) traded up 0.10% during trading on Friday, reaching $110.06. The company had a trading volume of 28,428,917 shares. The stock has a 50 day moving average price of $113.31 and a 200 day moving average price of $104.68. The firm has a market capitalization of $586.87 billion, a P/E ratio of 13.24 and a beta of 1.34. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $119.86.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. Apple’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. Analysts predict that Apple Inc. will post $9.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 2.07%. Apple’s dividend payout ratio is presently 27.57%.
Several analysts have issued reports on the stock. Pacific Crest reaffirmed a “buy” rating and issued a $129.00 price target on shares of Apple in a report on Wednesday, October 26th. RBC Capital Markets reissued an “outperform” rating and issued a $115.00 price objective on shares of Apple in a research report on Friday, August 5th. Vetr lowered shares of Apple from a “hold” rating to a “sell” rating and set a $103.98 price objective for the company. in a research report on Monday, August 8th. Wells Fargo & Co. reissued a “market perform” rating on shares of Apple in a research report on Friday, September 9th. Finally, Macquarie reissued an “outperform” rating and issued a $115.00 price objective on shares of Apple in a research report on Friday, August 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $128.29.
In other news, SVP Daniel J. Riccio sold 49,996 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total transaction of $5,297,076.20. Following the transaction, the senior vice president now directly owns 67,143 shares in the company, valued at $7,113,800.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philip W. Schiller sold 43,769 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $115.07, for a total transaction of $5,036,498.83. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.
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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