Tandem Investment Advisors Inc. Buys Shares of 1,484 Apple Inc. (AAPL)
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.
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.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/12/14/tandem-investment-advisors-inc-buys-shares-of-1484-apple-inc-aapl.html.
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related stocks with our FREE daily email newsletter.