Moneta Group Investment Advisors LLC Reduces Stake in Apple Inc. (AAPL)
Moneta Group Investment Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 25.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,058 shares of the iPhone maker’s stock after selling 6,006 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Apple were worth $2,783,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Vantage Financial Partners Ltd. Inc. bought a new position in Apple in the second quarter valued at about $400,000. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter valued at about $108,000. FNY Managed Accounts LLC grew its position in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the last quarter. Armbruster Capital Management Inc. grew its position in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC grew its position in Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after acquiring an additional 500 shares during the last quarter. 60.41% of the stock is owned by institutional investors.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $179.98 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple Inc. has a 12-month low of $138.62 and a 12-month high of $180.62. The firm has a market capitalization of $913,220.88, a P/E ratio of 18.50, a PEG ratio of 1.36 and a beta of 1.19.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter in the prior year, the company posted $3.36 earnings per share. Apple’s revenue was up 12.7% compared to the same quarter last year. research analysts predict that Apple Inc. will post 11.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.40%. Apple’s dividend payout ratio (DPR) is currently 25.90%.
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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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