Apple Inc. (AAPL) is Peachtree Investment Advisors Inc.’s 2nd Largest Position
Peachtree Investment Advisors Inc. boosted its position in Apple Inc. (NASDAQ:AAPL) by 10.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,072 shares of the iPhone maker’s stock after buying an additional 3,570 shares during the period. Apple accounts for 4.2% of Peachtree Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Peachtree Investment Advisors Inc.’s holdings in Apple were worth $4,304,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC increased 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 worth $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC increased 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 worth $140,000 after buying an additional 69 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Apple during the second quarter worth approximately $143,000. Roble Belko & Company Inc increased 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 worth $172,000 after buying an additional 680 shares in the last quarter. Finally, Smith Affiliated Capital Corp. increased 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 worth $185,000 after buying an additional 1,185 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) traded down 0.20% on Monday, hitting $111.57. The stock had a trading volume of 27,191,291 shares. The firm has a market cap of $594.93 billion, a PE ratio of 13.43 and a beta of 1.34. 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 price of $113.06 and a 200 day moving average price of $105.31.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The firm 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%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. Equities analysts forecast that Apple Inc. will post $9.05 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a dividend yield of 2.04%. Apple’s dividend payout ratio (DPR) is 27.57%.
Several brokerages have weighed in on AAPL. RBC Capital Markets reaffirmed an “outperform” rating and issued a $117.00 price target (up from $115.00) on shares of Apple in a report on Thursday, August 11th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Apple in a research report on Thursday, September 8th. William Blair reiterated an “outperform” rating on shares of Apple in a research report on Thursday, September 8th. reiterated a “buy” rating and issued a $130.00 price objective on shares of Apple in a research report on Wednesday, October 26th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price objective on shares of Apple in a research report on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company. Apple has an average rating of “Buy” and an average target price of $128.29.
In other news, CEO Timothy D. Cook sold 110,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total value of $11,654,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $110.03, for a total transaction of $1,865,008.50. Following the completion of the sale, the chief financial officer now directly owns 12,055 shares of the company’s stock, valued at $1,326,411.65. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
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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