GenTrust LLC Raises Stake in Apple Inc. (AAPL)
GenTrust LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 1,022.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,315 shares of the iPhone maker’s stock after acquiring an additional 31,259 shares during the period. Apple makes up approximately 1.0% of GenTrust LLC’s investment portfolio, making the stock its 21st biggest position. GenTrust LLC’s holdings in Apple were worth $4,942,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its stake in Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Apple by 23.2% during the first 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 position in shares of Apple by 2.2% during the second 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. Clearbridge Investments LLC grew its holdings in shares of Apple by 1.2% during the first quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after buying an additional 82,453 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in shares of Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after buying an additional 749,158 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.
A number of analysts have recently issued reports on AAPL shares. Barclays PLC restated a “hold” rating and set a $146.00 price target on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $194.00 price objective (up previously from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Macquarie lifted their price target on shares of Apple from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Atlantic Securities set a $175.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $200.28.
In other news, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the transaction, the insider now directly owns 70,358 shares in the company, valued at $11,327,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is owned by insiders.
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Apple Inc. (NASDAQ:AAPL) opened at $174.96 on Friday. Apple Inc. has a 52-week low of $108.25 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 company has a market cap of $898,299.25, a P/E ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.23.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. Apple’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.44%. Apple’s dividend payout ratio is currently 27.39%.
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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