Tandem Investment Advisors Inc. bought a new position in Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,484 shares of the iPhone maker’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Sky Asset Management LLC acquired a new stake in Apple in the 2nd quarter valued at $108,000. Hefty Wealth Partners increased its holdings in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. FNY Managed Accounts LLC increased its holdings in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in Apple in the 2nd quarter valued at $122,000. Finally, Armbruster Capital Management Inc. increased its holdings in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

Apple Inc. (NASDAQ AAPL) opened at $172.27 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 12-month low of $114.76 and a 12-month high of $176.24. The company has a market cap of $886,541.63, a PE ratio of 18.77, a PEG ratio of 1.38 and a beta of 1.22.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter last year, the company posted $1.50 earnings per share. Apple’s revenue was up 12.2% on a year-over-year basis. research analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. Apple’s dividend payout ratio is currently 27.39%.

In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares in the company, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock worth $37,944,683 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

AAPL has been the subject of several recent research reports. Barclays reiterated a “hold” rating and issued a $146.00 price target on shares of Apple in a report on Monday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price target (up from $182.00) on shares of Apple in a report on Tuesday, September 12th. Mizuho set a $160.00 price target on Apple and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $178.34 target price for the company. in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average target price of $197.57.

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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