Private Asset Management Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,397 shares of the iPhone maker’s stock after selling 36 shares during the period. Apple comprises approximately 2.1% of Private Asset Management Inc.’s holdings, making the stock its 13th largest position. Private Asset Management Inc.’s holdings in Apple were worth $12,254,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised 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 valued at $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC raised 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 valued at $140,000 after buying an additional 69 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Apple during the second quarter valued at approximately $143,000. Roble Belko & Company Inc raised 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 valued at $172,000 after buying an additional 680 shares in the last quarter. Finally, Smith Affiliated Capital Corp. raised 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 valued at $185,000 after buying an additional 1,185 shares in the last quarter. 56.81% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) traded up 0.50% during mid-day trading on Friday, reaching $111.79. The company’s stock had a trading volume of 11,475,922 shares. Apple Inc. has a 52-week low of $89.47 and a 52-week high of $119.86. The company has a 50 day moving average of $113.06 and a 200-day moving average of $105.31. The stock has a market cap of $596.10 billion, a PE ratio of 13.45 and a beta of 1.34.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.01. The company earned $46.85 billion during the quarter, compared to analysts’ expectations of $46.88 billion. Apple had a return on equity of 35.59% and a net margin of 21.19%. Apple’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities analysts forecast that Apple Inc. will post $9.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.28 annualized dividend and a yield of 2.04%. Apple’s payout ratio is presently 27.57%.

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Several research analysts recently commented on the stock. Pacific Crest reiterated a “buy” rating and set a $129.00 price objective on shares of Apple in a research note on Wednesday, October 26th. 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 note on Monday, August 8th. RBC Capital Markets reiterated an “outperform” rating and set a $115.00 price objective on shares of Apple in a research note on Friday, August 5th. Wells Fargo & Co. reiterated a “market perform” rating on shares of Apple in a research note on Friday, September 9th. Finally, Macquarie reiterated an “outperform” rating and set a $115.00 price objective on shares of Apple in a research note on Friday, August 26th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $128.29.

In related news, CEO Timothy D. Cook sold 110,000 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $106.84, for a total transaction of $11,752,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $110.03, for a total value of $1,865,008.50. Following the sale, the chief financial officer now owns 12,055 shares in the company, valued at approximately $1,326,411.65. The disclosure for this sale can be found here. 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.

5 Day Chart for NASDAQ:AAPL

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