TTP Investments Inc. Has $276,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
TTP Investments Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,232 shares of the iPhone maker’s stock after purchasing an additional 90 shares during the quarter. Apple accounts for 0.3% of TTP Investments Inc.’s holdings, making the stock its 13th biggest holding. TTP Investments Inc.’s holdings in Apple were worth $276,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Centaurus Financial Inc. raised its position in Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after purchasing an additional 1,262 shares during the last quarter. Avondale Wealth Management raised its position in Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the last quarter. NuWave Investment Management LLC increased its stake in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 449 shares during the period. Horan Securities Inc. increased its stake in shares of Apple by 64.2% in the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after buying an additional 221 shares during the period. Finally, Belvedere Advisors LLC acquired a new stake in shares of Apple in the second quarter valued at about $119,000. 59.62% of the stock is currently owned by institutional investors.
In other Apple news, insider Chris Kondo sold 3,932 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $233.26, for a total value of $917,178.32. Following the completion of the sale, the insider now owns 15,464 shares of the company’s stock, valued at $3,607,132.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the sale, the director now directly owns 1,170,677 shares of the company’s stock, valued at approximately $301,788,823.83. The disclosure for this sale can be found here. Insiders sold 448,158 shares of company stock valued at $97,019,630 in the last three months. Insiders own 0.05% of the company’s stock.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.19. Apple had a return on equity of 53.82% and a net margin of 21.24%. The firm had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. During the same quarter last year, the firm posted $2.91 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 13.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.77 dividend. The ex-dividend date is Thursday, November 7th. This represents a $3.08 dividend on an annualized basis and a yield of 1.17%. Apple’s dividend payout ratio (DPR) is presently 25.90%.
Several equities research analysts have recently weighed in on AAPL shares. Canaccord Genuity increased their price target on Apple from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group set a $285.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays increased their price target on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. ValuEngine cut Apple from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, HSBC set a $190.00 price target on Apple and gave the company a “sell” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Apple has a consensus rating of “Hold” and a consensus price target of $242.11.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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