Apple Inc. (AAPL) Shares Sold by LaFleur & Godfrey LLC
LaFleur & Godfrey LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,149 shares of the iPhone maker’s stock after selling 9,616 shares during the period. Apple makes up about 8.1% of LaFleur & Godfrey LLC’s portfolio, making the stock its largest position. LaFleur & Godfrey LLC’s holdings in Apple were worth $28,166,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. increased its position in Apple by 6,771.0% in the second quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock worth $999,482,000 after buying an additional 22,303,795 shares during the last quarter. Magellan Asset Management Ltd increased its position in Apple by 56.9% in the second quarter. Magellan Asset Management Ltd now owns 15,294,140 shares of the iPhone maker’s stock worth $1,462,120,000 after buying an additional 5,543,465 shares during the last quarter. Nordea Investment Management AB increased its position in Apple by 87.4% in the second quarter. Nordea Investment Management AB now owns 10,195,750 shares of the iPhone maker’s stock worth $974,714,000 after buying an additional 4,755,361 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Apple during the first quarter worth about $325,287,000. Finally, Franklin Resources Inc. increased its position in Apple by 20.2% in the second quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker’s stock worth $1,627,849,000 after buying an additional 2,857,040 shares during the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc. (NASDAQ:AAPL) traded up 0.07% during midday trading on Monday, hitting $111.87. The stock had a trading volume of 15,471,059 shares. The stock has a 50 day moving average of $113.06 and a 200 day moving average of $105.31. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $119.86. The stock has a market cap of $596.53 billion, a price-to-earnings ratio of 13.46 and a beta of 1.34.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.01. The firm earned $46.85 billion during 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 firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. Analysts expect that Apple Inc. will post $9.05 EPS for the current fiscal year.
The company also recently declared 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 was Thursday, November 3rd. This represents a $2.28 annualized dividend and a yield of 2.04%. Apple’s dividend payout ratio is currently 27.57%.
AAPL has been the subject of a number of research reports. RBC Capital Markets reissued an “outperform” rating and set a $117.00 target price (up from $115.00) on shares of Apple in a research note on Thursday, August 11th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Apple in a research note on Thursday, September 8th. William Blair reissued an “outperform” rating on shares of Apple in a research note on Thursday, September 8th. reissued a “buy” rating and set a $130.00 target price on shares of Apple in a research note on Wednesday, October 26th. Finally, Drexel Hamilton reissued a “buy” rating and set a $185.00 target price on shares of Apple in a research note on Wednesday, November 2nd. Three equities 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 issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $128.29.
In related news, CFO Luca Maestri sold 16,950 shares of the 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 transaction, the chief financial officer now directly owns 12,055 shares of the company’s stock, valued at $1,326,411.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 110,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $105.95, for a total transaction of $11,654,500.00. 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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