Apple Inc. (AAPL) is InterOcean Capital LLC’s 3rd Largest Position
InterOcean Capital LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,391 shares of the iPhone maker’s stock after selling 10,922 shares during the quarter. Apple makes up about 3.4% of InterOcean Capital LLC’s investment portfolio, making the stock its 3rd largest holding. InterOcean Capital LLC’s holdings in Apple were worth $20,507,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Green Square Capital LLC boosted its holdings in shares of Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after acquiring an additional 5,491 shares during the period. YHB Investment Advisors Inc. boosted its holdings in shares of Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA boosted its holdings in shares of Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the period. GenTrust LLC boosted its holdings in shares of Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares during the period. Finally, Carnick & Kubik Group LLC boosted its holdings in shares of Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares during the period. 59.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on AAPL. Nomura set a $185.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, November 27th. UBS set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Monday, November 27th. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective for the company. in a report on Thursday, November 23rd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Finally, Argus upped their price objective on shares of Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average target price of $200.27.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $169.37 on Monday. 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 stock has a market capitalization of $869,600.00, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Apple Inc. has a twelve month low of $112.31 and a twelve month high of $176.24.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. equities analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders 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 annualized dividend and a yield of 1.49%. Apple’s payout ratio is presently 27.42%.
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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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