Mason Street Advisors LLC Takes Position in Apple Inc. (AAPL)
Mason Street Advisors LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent filing with the SEC. The fund bought 737,776 shares of the iPhone maker’s stock, valued at approximately $70,531,000. Apple accounts for 2.1% of Mason Street Advisors LLC’s investment portfolio, making the stock its largest position.
Several other institutional investors have also recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC boosted its stake in Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock worth $140,000 after buying an additional 69 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Apple during the second quarter worth about $143,000. Roble Belko & Company Inc boosted its stake in Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock worth $172,000 after buying an additional 680 shares in the last quarter. Finally, Smith Affiliated Capital Corp. boosted its stake in Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock worth $185,000 after buying an additional 1,185 shares in the last quarter. 56.83% of the stock is owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) traded up 0.10% on Friday, reaching $110.06. The company’s stock had a trading volume of 28,428,917 shares. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $119.86. The company has a market cap of $586.87 billion, a P/E ratio of 13.24 and a beta of 1.34. The stock’s 50 day moving average price is $113.31 and its 200 day moving average price is $104.68.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Apple had a net margin of 21.19% and a return on equity of 35.59%. The company earned $46.85 billion during the quarter, compared to the consensus estimate of $46.88 billion. During the same period in the previous year, the firm posted $1.96 EPS. The firm’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post $9.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, November 3rd. Apple’s dividend payout ratio is currently 27.57%.
AAPL has been the topic of a number of research analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $110.00 price target on shares of Apple in a research note on Sunday, July 24th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $102.99 target price on the stock in a research note on Monday, July 25th. Maxim Group lifted their target price on shares of Apple from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. BGC Financial cut shares of Apple from a “hold” rating to a “sell” rating and lowered their target price for the stock from $110.00 to $85.00 in a research note on Monday, July 25th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $115.00 target price on shares of Apple in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus price target of $128.29.
In other Apple news, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total value of $11,654,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 334,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. The disclosure for this sale can be found here. 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.
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