New England Investment & Retirement Group Inc. Has $3.25 Million Position in Apple Inc. (AAPL)
New England Investment & Retirement Group Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,541 shares of the iPhone maker’s stock after selling 193 shares during the quarter. Apple accounts for approximately 1.9% of New England Investment & Retirement Group Inc.’s holdings, making the stock its 18th largest position. New England Investment & Retirement Group Inc.’s holdings in Apple were worth $3,246,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Apple by 2.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after purchasing an additional 471,057 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Apple by 1.2% in the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after purchasing an additional 140,368 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Apple by 23.2% in 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 purchasing an additional 1,749,797 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Apple by 2.2% in the 2nd quarter. Sanders Capital LLC now owns 8,184,799 shares of the iPhone maker’s stock worth $1,282,930,000 after purchasing an additional 177,114 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Apple by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock worth $979,160,000 after purchasing an additional 82,453 shares in the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on AAPL shares. UBS AG set a $190.00 price objective on Apple and gave the company a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Company restated a “market perform” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Argus raised their price objective on Apple from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $176.88 price objective for the company. in a research report on Friday. Finally, set a $193.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $200.24.
Shares of Apple Inc. (NASDAQ AAPL) opened at $170.15 on Monday. The company has a market cap of $873,603.19, a PE ratio of 18.50, a PEG ratio of 1.36 and a beta of 1.23. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts predict that Apple Inc. will post 11.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.48%. Apple’s payout ratio is 27.39%.
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In related news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is 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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