BSW Wealth Partners Decreases Stake in Apple Inc. (AAPL)
BSW Wealth Partners decreased its position in Apple Inc. (NASDAQ:AAPL) by 6.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,108 shares of the iPhone maker’s stock after selling 813 shares during the period. Apple makes up 0.8% of BSW Wealth Partners’ investment portfolio, making the stock its 16th largest position. BSW Wealth Partners’ holdings in Apple were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hennessy Advisors Inc. boosted its position in Apple by 4.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 15,350 shares of the iPhone maker’s stock valued at $2,366,000 after purchasing an additional 600 shares during the period. Goodman Financial Corp boosted its position in Apple by 1.8% during the 3rd quarter. Goodman Financial Corp now owns 56,731 shares of the iPhone maker’s stock valued at $8,743,000 after purchasing an additional 1,025 shares during the period. Doliver Capital Advisors LP boosted its position in Apple by 12.9% during the 3rd quarter. Doliver Capital Advisors LP now owns 4,028 shares of the iPhone maker’s stock valued at $621,000 after purchasing an additional 460 shares during the period. Princeton Capital Management Inc. boosted its position in Apple by 26.0% during the 3rd quarter. Princeton Capital Management Inc. now owns 50,654 shares of the iPhone maker’s stock valued at $7,807,000 after purchasing an additional 10,442 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in Apple by 4.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 42,385 shares of the iPhone maker’s stock valued at $6,532,000 after purchasing an additional 1,798 shares during the period. Institutional investors own 60.18% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’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 sale, the insider now owns 17,341 shares in the company, valued at approximately $2,942,594.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was 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 approximately $14,224,064. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,771 shares of company stock valued at $19,419,429. 0.06% of the stock is currently owned by corporate insiders.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.36 EPS. research analysts expect that Apple Inc. will post 11.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.55%. Apple’s dividend payout ratio (DPR) is presently 25.93%.
A number of research analysts recently issued reports on the company. Citigroup restated a “buy” rating and set a $200.00 price objective (up previously from $170.00) on shares of Apple in a research report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research report on Thursday, January 18th. Pacific Crest upgraded Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price objective for the company in a research report on Monday, October 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $201.72.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.