Woodstock Corp Boosts Position in Apple Inc. (AAPL)
Woodstock Corp boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,122 shares of the iPhone maker’s stock after buying an additional 1,440 shares during the period. Apple makes up 1.4% of Woodstock Corp’s investment portfolio, making the stock its 27th largest position. Woodstock Corp’s holdings in Apple were worth $7,023,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AAPL. Cohen & Steers Inc. raised its stake 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 valued at $999,482,000 after buying an additional 22,303,795 shares in the last quarter. Magellan Asset Management Ltd raised its stake 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 valued at $1,462,120,000 after buying an additional 5,543,465 shares in the last quarter. Nordea Investment Management AB raised its stake 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 valued at $974,714,000 after buying an additional 4,755,361 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Apple during the first quarter valued at about $325,287,000. Finally, Franklin Resources Inc. raised its stake in Apple by 20.2% in the second quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker’s stock valued at $1,627,849,000 after buying an additional 2,857,040 shares in the last quarter. Institutional investors own 57.11% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) traded down 0.6722% during mid-day trading on Wednesday, reaching $110.7108. 22,109,586 shares of the company’s stock traded hands. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $119.86. The stock has a market cap of $590.34 billion, a P/E ratio of 13.3226 and a beta of 1.34. The firm has a 50-day moving average price of $112.99 and a 200-day moving average price of $105.64.
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, beating analysts’ consensus estimates of $1.66 by $0.01. The business had revenue of $46.85 billion for 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%. Apple’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. Equities research analysts anticipate that Apple Inc. will post $9.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders 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 2.05%. Apple’s dividend payout ratio (DPR) is currently 27.57%.
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AAPL has been the subject of a number of recent analyst reports. RBC Capital Markets reaffirmed an “outperform” rating and issued a $117.00 price objective (up previously 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 price target on shares of Apple in a research note on Wednesday, October 26th. Finally, Drexel Hamilton reissued a “buy” rating and set a $185.00 price target 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 given a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Apple has an average rating of “Buy” and a consensus target price of $128.29.
In other Apple news, insider Daniel J. Riccio sold 22,381 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $113.06, for a total transaction of $2,530,395.86. Following the sale, the insider now directly owns 47,043 shares in the company, valued at approximately $5,318,681.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 16,950 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $110.03, for a total transaction of $1,865,008.50. Following the sale, the chief financial officer now owns 12,055 shares in the company, valued at $1,326,411.65. The disclosure for this sale can be found here. Company 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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