Apple Inc. (AAPL) is NS Partners Ltd’s Largest Position
NS Partners Ltd raised its position in Apple Inc. (NASDAQ:AAPL) by 0.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 245,220 shares of the iPhone maker’s stock after purchasing an additional 133 shares during the period. Apple accounts for approximately 5.1% of NS Partners Ltd’s portfolio, making the stock its largest position. NS Partners Ltd’s holdings in Apple were worth $35,228,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saratoga Research & Investment Management lifted its position in shares of Apple by 0.6% in the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after purchasing an additional 4,137 shares during the period. Pinnacle Bank acquired a new position in shares of Apple in the 1st quarter worth approximately $1,924,000. Norges Bank acquired a new position in shares of Apple in the 4th quarter worth approximately $5,625,709,000. Perigon Wealth Management LLC lifted its position in shares of Apple by 5.9% in the 4th quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after purchasing an additional 8,233 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in shares of Apple in the 4th quarter worth approximately $7,910,000. Hedge funds and other institutional investors own 60.44% of the company’s stock.
A number of brokerages have recently issued reports on AAPL. Barclays PLC restated a “hold” rating and issued a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Piper Jaffray Companies restated an “overweight” rating and issued a $190.00 price target on shares of Apple in a research report on Tuesday. Robert W. Baird restated a “buy” rating and issued a $172.00 price target on shares of Apple in a research report on Tuesday. Royal Bank Of Canada boosted their price target on shares of Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of Apple in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $168.89.
In other news, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now directly owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 6,209 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $161.96, for a total value of $1,005,609.64. The disclosure for this sale can be found here. Insiders sold a total of 432,930 shares of company stock valued at $69,008,577 over the last three months. Company insiders own 0.08% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/09/apple-inc-aapl-is-ns-partners-ltds-largest-position.html.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 1.63% on Friday, reaching $158.63. The company had a trading volume of 28,611,535 shares. The company has a 50 day moving average of $157.79 and a 200-day moving average of $148.59. The company has a market capitalization of $819.36 billion, a P/E ratio of 18.01 and a beta of 1.27. Apple Inc. has a 52 week low of $102.53 and a 52 week high of $164.94.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. Analysts predict that Apple Inc. will post $9.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 10th. Apple’s dividend payout ratio (DPR) is 28.64%.
Apple Company Profile
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Stock Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related stocks with our FREE daily email newsletter.