Earnest Partners LLC maintained its position in shares of Apple Inc. (NASDAQ:AAPL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,585 shares of the iPhone maker’s stock at the close of the 1st quarter. Earnest Partners LLC’s holdings in Apple were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stonehearth Capital Management LLC raised its holdings in Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after acquiring an additional 20 shares in the last quarter. Sippican Capital Advisors raised its holdings in Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after acquiring an additional 26 shares in the last quarter. Cordasco Financial Network raised its holdings in Apple by 1.0% during the first quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock worth $457,000 after acquiring an additional 31 shares in the last quarter. Wall Street Access Asset Management LLC raised its holdings in Apple by 0.3% during the fourth quarter. Wall Street Access Asset Management LLC now owns 18,345 shares of the iPhone maker’s stock worth $2,124,000 after acquiring an additional 50 shares in the last quarter. Finally, Lbmc Investment Advisors LLC raised its holdings in Apple by 1.1% during the first quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock worth $774,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 60.45% of the company’s stock.

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A number of brokerages have weighed in on AAPL. Drexel Hamilton reissued a “buy” rating and set a $202.00 price target on shares of Apple in a research report on Thursday, July 6th. Barclays PLC reissued a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Instinet reissued a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Royal Bank Of Canada set a $180.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday. Finally, Credit Suisse Group reissued an “outperform” rating and set a $170.00 price target on shares of Apple in a research report on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $168.89.

In other Apple news, SVP Johny Srouji sold 10,469 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares of the company’s stock, valued at $12,367,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 6,209 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $161.96, for a total transaction of $1,005,609.64. The disclosure for this sale can be found here. Insiders sold 432,930 shares of company stock worth $69,008,577 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Shares of Apple Inc. (NASDAQ AAPL) traded up 1.90% during midday trading on Monday, reaching $161.64. 15,803,749 shares of the company’s stock were exchanged. Apple Inc. has a 12-month low of $102.53 and a 12-month high of $164.94. The company has a market cap of $834.91 billion, a price-to-earnings ratio of 18.35 and a beta of 1.27. The stock’s 50 day moving average price is $158.01 and its 200 day moving average price is $148.76.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion for the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. Apple’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.59%. Apple’s payout ratio is currently 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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