Telemus Capital LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,237 shares of the iPhone maker’s stock after buying an additional 857 shares during the period. Apple comprises 1.4% of Telemus Capital LLC’s holdings, making the stock its 9th largest position. Telemus Capital LLC’s holdings in Apple were worth $12,801,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AAPL. Penserra Capital Management LLC boosted its position in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC boosted its position in shares of Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Apple during the second quarter valued at $143,000. Roble Belko & Company Inc boosted its position in shares of Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 680 shares in the last quarter. Finally, Smith Affiliated Capital Corp. boosted its position in shares of Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock valued at $185,000 after buying an additional 1,185 shares in the last quarter. Institutional investors and hedge funds own 56.81% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) traded up 0.50% during trading on Friday, reaching $111.79. 11,475,922 shares of the company’s stock traded hands. The firm has a 50 day moving average of $113.06 and a 200 day moving average of $105.31. The firm has a market capitalization of $596.10 billion, a PE ratio of 13.45 and a beta of 1.34. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $119.86.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $46.88 billion. During the same quarter last year, the business earned $1.96 EPS. The business’s revenue was down 9.0% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post $9.04 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued 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 dividend yield of 2.04%. Apple’s dividend payout ratio is presently 27.57%.

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A number of equities analysts have recently commented on AAPL shares. Drexel Hamilton reissued a “buy” rating and set a $185.00 price target on shares of Apple in a report on Thursday, August 11th. Longbow Research reissued a “buy” rating and set a $130.00 price target on shares of Apple in a report on Tuesday, August 23rd. Canaccord Genuity reissued a “buy” rating and set a $109.00 price target on shares of Apple in a report on Tuesday, August 23rd. Global Equities Research reissued a “buy” rating on shares of Apple in a report on Thursday, August 25th. Finally, Nomura reissued a “buy” rating on shares of Apple in a report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $128.29.

In other news, CEO Timothy D. Cook sold 49,883 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $106.19, for a total value of $5,297,075.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 110,000 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $106.84, for a total transaction of $11,752,400.00. The disclosure for this sale can be found here. 0.08% of the stock is currently 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.

5 Day Chart for NASDAQ:AAPL

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