Apple Inc. (AAPL) is Consolidated Investment Group LLC’s 8th Largest Position
Consolidated Investment Group LLC continued to hold its stake in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,757 shares of the iPhone maker’s stock at the close of the second quarter. Apple accounts for approximately 2.8% of Consolidated Investment Group LLC’s investment portfolio, making the stock its 8th largest position. Consolidated Investment Group LLC’s holdings in Apple were worth $5,294,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AAPL. Hefty Wealth Partners raised its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the period. American Beacon Advisors Inc. purchased a new position in shares of Apple during the 1st quarter worth $117,000. Armbruster Capital Management Inc. raised its holdings in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Apple during the 2nd quarter worth $149,000. Finally, D. Scott Neal Inc. raised its holdings in shares of Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 200 shares during the period. Institutional investors own 59.87% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $173.14 on Wednesday. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $888,950.00, a price-to-earnings ratio of 18.48, a PEG ratio of 1.36 and a beta of 1.25.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share 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 business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. Apple’s revenue for the quarter was up 12.2% compared to the same quarter last year. analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. Apple’s dividend payout ratio is 27.42%.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the transaction, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. Insiders have sold 410,352 shares of company stock worth $65,356,512 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $170.00 price objective on shares of Apple in a report on Tuesday, July 25th. Barclays PLC restated a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Tuesday, August 15th. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price objective on the stock in a report on Thursday, August 17th. Credit Suisse Group restated an “outperform” rating and issued a $175.00 price objective (up from $170.00) on shares of Apple in a report on Wednesday, August 2nd. Finally, Citigroup Inc. set a $170.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Wednesday, August 2nd. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Apple currently has an average rating of “Buy” and an average target price of $200.24.
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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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