Apple Inc. (AAPL) Shares Bought by Capital Investment Advisory Services LLC
Capital Investment Advisory Services LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,062 shares of the iPhone maker’s stock after purchasing an additional 71 shares during the quarter. Apple comprises 1.3% of Capital Investment Advisory Services LLC’s holdings, making the stock its 17th biggest position. Capital Investment Advisory Services LLC’s holdings in Apple were worth $2,025,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. FC Advisory LLC boosted its position in Apple by 0.4% during the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after acquiring an additional 10 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its position in Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after acquiring an additional 20 shares during the last quarter. BerganKDV Wealth Management LLC boosted its position in Apple by 0.4% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after acquiring an additional 20 shares during the last quarter. Welch Investments LLC boosted its position in Apple by 1.5% during the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after acquiring an additional 23 shares during the last quarter. Finally, Sippican Capital Advisors boosted its position in Apple by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $173.97 on Tuesday. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market capitalization of $896,810.25, a P/E ratio of 18.99, a P/E/G ratio of 1.40 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts forecast that Apple Inc. will post 11.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
In other Apple news, insider Chris Kondo sold 6,209 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $161.96, for a total transaction of $1,005,609.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Johny Srouji sold 10,469 shares of the stock in a transaction on 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 sale, the senior vice president now owns 76,250 shares in the company, valued at $12,367,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 411,389 shares of company stock valued at $65,364,467. 0.08% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on the company. Argus upped their price target on Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. KeyCorp reissued a “buy” rating and issued a $192.00 price objective on shares of Apple in a report on Friday, November 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $152.00 price objective on shares of Apple in a report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $195.00 price objective (up previously from $180.00) on shares of Apple in a report on Friday, November 3rd. Finally, Morgan Stanley set a $200.00 price objective on Apple and gave the company a “buy” rating in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $199.14.
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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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