Stillwater Investment Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,204 shares of the iPhone maker’s stock after selling 332 shares during the period. Apple accounts for 3.2% of Stillwater Investment Management LLC’s holdings, making the stock its 4th largest position. Stillwater Investment Management LLC’s holdings in Apple were worth $5,902,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC raised 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 raised 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. purchased a new position in shares of Apple during the second quarter valued at approximately $143,000. Roble Belko & Company Inc raised 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. raised 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. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $119.86. The firm has a 50 day moving average price of $113.06 and a 200-day moving average price of $105.31. The firm has a market cap of $596.10 billion, a PE ratio of 13.45 and a beta of 1.34.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $46.85 billion for the quarter, compared to analysts’ expectations of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. On average, analysts forecast that Apple Inc. will post $9.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.57 per share. The ex-dividend date 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 27.57%.

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

In related news, SVP Daniel J. Riccio sold 49,996 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 $5,297,076.20. Following the sale, the senior vice president now directly owns 67,143 shares of the company’s stock, valued at approximately $7,113,800.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction on 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. 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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