Apple Inc. (AAPL) Holdings Trimmed by Roberts Glore & Co. Inc. IL
Roberts Glore & Co. Inc. IL lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,453 shares of the iPhone maker’s stock after selling 880 shares during the quarter. Apple makes up approximately 2.5% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 6th largest position. Roberts Glore & Co. Inc. IL’s holdings in Apple were worth $3,923,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. YHB Investment Advisors Inc. grew its position in shares of Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after purchasing an additional 9,663 shares during the last quarter. Jarislowsky Fraser Ltd grew its position in shares of Apple by 22.4% in the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after purchasing an additional 4,118 shares during the last quarter. Empirical Financial Services LLC grew its position in shares of Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after purchasing an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC grew its position in shares of Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after purchasing an additional 2,612 shares during the last quarter. Finally, GenTrust LLC grew its position in shares of Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after purchasing an additional 31,259 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) opened at $176.21 on Monday. 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 1-year low of $137.05 and a 1-year high of $180.62. The firm has a market capitalization of $894,091.88, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.43%. Apple’s payout ratio is currently 25.90%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated 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 directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.
AAPL has been the topic of several research reports. Macquarie set a $188.00 target price on Apple and gave the company a “buy” rating in a research report on Friday, January 26th. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday, January 18th. Barclays decreased their target price on Apple from $174.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average price target of $201.58.
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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.
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