Apple Inc. (AAPL) is Foster & Motley Inc.’s 5th Largest Position
Foster & Motley Inc. boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,349 shares of the iPhone maker’s stock after purchasing an additional 11,529 shares during the quarter. Apple comprises approximately 2.1% of Foster & Motley Inc.’s portfolio, making the stock its 5th biggest position. Foster & Motley Inc.’s holdings in Apple were worth $12,148,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Harbour Capital Advisors LLC boosted its holdings in shares of Apple by 14,030.2% in the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after acquiring an additional 4,483,360 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Apple in the first quarter valued at approximately $190,134,000. State of Wisconsin Investment Board boosted its holdings in shares of Apple by 15.5% in the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Apple by 502.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after acquiring an additional 716,683 shares during the period. 60.30% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (AAPL) opened at $174.67 on Friday. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $176.24. The firm has a market capitalization of $903,022.81, a P/E ratio of 19.12, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities analysts forecast that Apple Inc. will post 11.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.44%. Apple’s dividend payout ratio (DPR) is 27.39%.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 411,389 shares of company stock valued at $65,364,467. Insiders own 0.08% of the company’s stock.
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Several equities research analysts have recently weighed in on AAPL shares. Barclays PLC reissued a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price objective on shares of Apple in a report on Monday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $194.00 price target (up from $182.00) on shares of Apple in a report on Tuesday, September 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, July 25th. Finally, Macquarie increased their price target on Apple from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $199.14.
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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