Apple Inc. (AAPL) Position Maintained by Grace & White Inc. NY
Grace & White Inc. NY continued to hold its stake in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,565 shares of the iPhone maker’s stock at the end of the 2nd quarter. Grace & White Inc. NY’s holdings in Apple were worth $369,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in Apple by 2.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after purchasing an additional 471,057 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Apple by 1.2% during the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after purchasing an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Apple by 23.2% during the 1st 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 in the last quarter. Sanders Capital LLC lifted its position in shares of Apple by 2.2% during the 2nd quarter. Sanders Capital LLC now owns 8,184,799 shares of the iPhone maker’s stock worth $1,282,930,000 after buying an additional 177,114 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Apple by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock worth $979,160,000 after buying an additional 82,453 shares in the last quarter. Institutional investors own 60.30% of the company’s stock.
In related news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a document filed 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 411,389 shares of company stock valued at $65,364,467 over the last quarter. Company insiders own 0.08% of the company’s stock.
Several research firms have commented on AAPL. BMO Capital Markets reissued an “outperform” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, July 25th. Barclays PLC reissued a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Tuesday, August 15th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 target price on the stock in a research report on Thursday, August 17th. J P Morgan Chase & Co set a $165.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Citigroup Inc. set a $170.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $199.14.
Shares of Apple Inc. (AAPL) opened at $174.67 on Friday. The company has a market cap of $896,810.25, a PE ratio of 18.99, a PEG ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $176.24.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 earnings per share. sell-side analysts anticipate that Apple Inc. will post 11.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.39%.
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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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