Liberty Capital Management Inc. purchased a new position in Apple Inc. (NASDAQ:AAPL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,938 shares of the iPhone maker’s stock, valued at approximately $3,724,000. Apple makes up 2.4% of Liberty Capital Management Inc.’s holdings, making the stock its 4th largest position.

Several other large investors have also added to or reduced their stakes in AAPL. Zurich Insurance Group Ltd FI raised its stake in shares of Apple by 1.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 869,381 shares of the iPhone maker’s stock worth $94,754,000 after buying an additional 11,582 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock worth $562,855,000 after buying an additional 1,521,440 shares in the last quarter. Roffman Miller Associates Inc. PA raised its stake in shares of Apple by 25.0% in the second quarter. Roffman Miller Associates Inc. PA now owns 139,953 shares of the iPhone maker’s stock worth $13,380,000 after buying an additional 28,020 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Apple by 19.1% in the second quarter. Capstone Asset Management Co. now owns 550,349 shares of the iPhone maker’s stock worth $52,613,000 after buying an additional 88,106 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Apple by 3.3% in the first quarter. BlackRock Group LTD now owns 47,324,047 shares of the iPhone maker’s stock worth $5,157,847,000 after buying an additional 1,498,288 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.20% during trading on Monday, hitting $111.57. 27,192,378 shares of the stock traded hands. The firm has a market cap of $594.93 billion, a PE ratio of 13.43 and a beta of 1.34. The company’s 50 day moving average is $113.06 and its 200 day moving average is $105.31. Apple Inc. has a 52-week low of $89.47 and a 52-week high of $119.86.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The business earned $46.85 billion during the quarter, compared to the consensus estimate of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 EPS. On average, equities research analysts predict that Apple Inc. will post $9.05 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 research analysts recently issued reports on AAPL shares. Drexel Hamilton reissued a “buy” rating and issued a $185.00 target price on shares of Apple in a research report on Thursday, August 11th. Longbow Research reaffirmed a “buy” rating and set a $130.00 price target on shares of Apple in a research report on Tuesday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $109.00 price target on shares of Apple in a research report on Tuesday, August 23rd. Global Equities Research reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, August 25th. Finally, Nomura reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, August 25th. Three 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $128.29.

In other Apple news, CEO Timothy D. Cook sold 110,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total transaction of $11,654,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 49,883 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $106.19, for a total transaction of $5,297,075.77. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

About Apple

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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