TrimTabs Asset Management LLC Increases Position in Apple Inc. (AAPL)
TrimTabs Asset Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 103.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,878 shares of the iPhone maker’s stock after purchasing an additional 957 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Apple were worth $270,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Green Square Capital LLC grew its position in shares of Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after buying an additional 5,491 shares during the period. YHB Investment Advisors Inc. grew its position in shares of Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after buying an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA grew its position in shares of Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after buying an additional 779 shares during the period. Texan Capital Management grew its position in shares of Apple by 1.6% during the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock worth $3,686,000 after buying an additional 393 shares during the period. Finally, Jaffetilchin Investment Partners LLC grew its position in shares of Apple by 2.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 43,345 shares of the iPhone maker’s stock worth $6,227,000 after buying an additional 848 shares during the period. Hedge funds and other institutional investors own 59.41% of the company’s stock.
Several research firms have recently weighed in on AAPL. Nomura set a $185.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, November 27th. UBS set a $190.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, November 27th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective on the stock. in a report on Thursday, November 23rd. Wells Fargo & Company reiterated a “market perform” rating and set a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Finally, Argus lifted their price objective on Apple from $185.00 to $210.00 and gave the company a “buy” rating in a report on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $200.27.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. equities research analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.47%. Apple’s payout ratio is 27.39%.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,965 shares of company stock valued at $24,074,614. Corporate insiders own 0.08% of the company’s stock.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Stock Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related stocks with our FREE daily email newsletter.