Apple Inc. (AAPL) is Goelzer Investment Management Inc.’s 4th Largest Position
Goelzer Investment Management Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,845 shares of the iPhone maker’s stock after selling 7,644 shares during the quarter. Apple makes up approximately 1.8% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Goelzer Investment Management Inc.’s holdings in Apple were worth $14,668,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of AAPL. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Apple by 1.9% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 142,517 shares of the iPhone maker’s stock worth $19,143,000 after purchasing an additional 2,683 shares during the period. Sippican Capital Advisors grew its holdings in shares of Apple by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. Pinnacle Advisory Group Inc. grew its holdings in shares of Apple by 11.3% during the 1st quarter. Pinnacle Advisory Group Inc. now owns 15,241 shares of the iPhone maker’s stock worth $2,190,000 after purchasing an additional 1,553 shares during the period. Waldron LP grew its holdings in shares of Apple by 37.9% during the 1st quarter. Waldron LP now owns 46,930 shares of the iPhone maker’s stock worth $6,722,000 after purchasing an additional 12,898 shares during the period. Finally, Brightworth grew its holdings in shares of Apple by 8.6% during the 1st quarter. Brightworth now owns 3,594 shares of the iPhone maker’s stock worth $516,000 after purchasing an additional 284 shares during the period. Institutional investors own 60.38% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on 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 transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold 410,352 shares of company stock valued at $65,356,512 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.
Apple Inc. (NASDAQ:AAPL) opened at $170.15 on Friday. Apple Inc. has a one year low of $108.25 and a one year high of $176.24. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market cap of $878,480.00, a P/E ratio of 18.62, a PEG ratio of 1.38 and a beta of 1.25.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Apple Inc. will post 11.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 27.42%.
A number of equities analysts have recently weighed in on AAPL shares. UBS AG reiterated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Monday, July 31st. Wells Fargo & Company reiterated a “market perform” rating and set a $140.00 price target on shares of Apple in a report on Saturday, July 22nd. KeyCorp reiterated an “equal weight” rating on shares of Apple in a report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and set a $146.00 price target on shares of Apple in a report on Monday, September 4th. Finally, Royal Bank Of Canada increased their price target on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Seven investment 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 $200.24.
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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