Aua Capital Management LLC Sells 4,508 Shares of Apple Inc. (AAPL)
Aua Capital Management LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 70.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,866 shares of the iPhone maker’s stock after selling 4,508 shares during the period. Apple accounts for 0.3% of Aua Capital Management LLC’s portfolio, making the stock its 29th largest position. Aua Capital Management LLC’s holdings in Apple were worth $268,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in Apple during the fourth quarter worth about $5,625,709,000. Franklin Resources Inc. raised its stake in Apple by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 25,455,705 shares of the iPhone maker’s stock worth $2,948,422,000 after buying an additional 1,156,639 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares during the period. Fisher Asset Management LLC raised its stake in Apple by 1.2% in the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after buying an additional 140,368 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares during the period. Institutional investors and hedge funds own 61.50% of the company’s stock.
Shares of Apple Inc. (AAPL) traded up 1.62% during trading on Tuesday, hitting $159.76. 8,868,155 shares of the stock were exchanged. The stock’s 50 day moving average price is $152.37 and its 200 day moving average price is $146.13. Apple Inc. has a 52 week low of $102.53 and a 52 week high of $162.51. The firm has a market capitalization of $825.20 billion, a price-to-earnings ratio of 18.14 and a beta of 1.31.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. On average, equities analysts predict that Apple Inc. will post $9.02 earnings per share for the current year.
Apple declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 2nd that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, August 10th. Apple’s payout ratio is 28.64%.
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AAPL has been the topic of a number of research analyst reports. Drexel Hamilton reaffirmed a “buy” rating and set a $202.00 target price on shares of Apple in a report on Thursday, July 6th. Instinet reissued a “buy” rating and issued a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $168.00 price target on shares of Apple in a report on Tuesday, June 6th. Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price target on shares of Apple in a report on Tuesday, July 25th. Finally, Macquarie raised their price target on Apple from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Eleven analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $167.73.
In related news, SVP D Bruce Sewell sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the transaction, the senior vice president now owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luca Maestri sold 4,757 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the transaction, the insider now directly owns 3,414 shares in the company, valued at approximately $528,145.80. The disclosure for this sale can be found here. In the last three months, insiders sold 249,640 shares of company stock worth $38,953,894. 0.08% of the stock is currently owned by insiders.
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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