ZWJ Investment Counsel Inc. Sells 10,553 Shares of Apple Inc. (AAPL)
ZWJ Investment Counsel Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,226 shares of the iPhone maker’s stock after selling 10,553 shares during the quarter. Apple accounts for approximately 2.2% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 10th largest position. ZWJ Investment Counsel Inc. owned 35.28% of Apple worth $28,085,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc. raised its stake in Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after acquiring an additional 834,854 shares in the last quarter. Capital Research Global Investors raised its stake in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares in the last quarter. Legal & General Group Plc raised its stake in Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares in the last quarter. Janus Henderson Group PLC raised its stake in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Finally, Swiss National Bank raised its stake in Apple by 0.4% during the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after acquiring an additional 79,100 shares in the last quarter. 60.23% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $162.00 to $166.00 in a research note on Wednesday, January 31st. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Sanford C. Bernstein downgraded Apple from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and set a $220.00 target price on shares of Apple in a research note on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $201.72.
Shares of Apple Inc. (AAPL) opened at $156.41 on Friday. Apple Inc. has a twelve month low of $132.05 and a twelve month high of $180.10. The company has a market capitalization of $793,630.00, a P/E ratio of 16.09, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same period in the prior year, the business posted $3.36 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. equities analysts predict that Apple Inc. will post 11.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, February 9th. Apple’s payout ratio is 25.93%.
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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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