Apple Inc. (AAPL) is Cabot Wealth Management Inc.’s 8th Largest Position
Cabot Wealth Management Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,952 shares of the iPhone maker’s stock after selling 1,116 shares during the quarter. Apple makes up approximately 2.4% of Cabot Wealth Management Inc.’s portfolio, making the stock its 8th biggest holding. Cabot Wealth Management Inc.’s holdings in Apple were worth $10,362,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AAPL. Hefty Wealth Partners increased its position in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of Apple in the first quarter worth approximately $117,000. Armbruster Capital Management Inc. increased its position in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Apple in the second quarter worth approximately $149,000. Finally, D. Scott Neal Inc. increased its position in shares of Apple by 19.8% in the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $169.98 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market capitalization of $872,730.00, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.36 and a beta of 1.25. Apple Inc. has a 12 month low of $108.25 and a 12 month high of $176.24.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same period last year, the business posted $1.50 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.42%.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is currently owned by company insiders.
Several research firms recently weighed in on AAPL. UBS AG set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $176.88 price objective on the stock. in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating and issued a $160.08 price objective (down from $176.00) on shares of Apple in a research report on Wednesday, August 9th. Longbow Research restated a “buy” rating and issued a $173.00 price objective on shares of Apple in a research report on Friday, August 11th. Finally, Instinet restated a “buy” rating and issued a $175.00 price objective (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $200.24.
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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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