Apple Inc. (AAPL) is Telemus Capital LLC’s 6th Largest Position
Telemus Capital LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,890 shares of the iPhone maker’s stock after selling 3,334 shares during the period. Apple makes up 1.7% of Telemus Capital LLC’s portfolio, making the stock its 6th biggest position. Telemus Capital LLC’s holdings in Apple were worth $12,082,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Saratoga Research & Investment Management increased its holdings in shares of Apple by 0.6% during the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares in the last quarter. Green Square Capital LLC increased 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 worth $12,564,000 after buying an additional 5,491 shares in the last quarter. Headinvest LLC increased its holdings in shares of Apple by 2.5% during the second quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock worth $2,347,000 after buying an additional 390 shares in the last quarter. YHB Investment Advisors Inc. increased 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 worth $19,614,000 after buying an additional 9,663 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA increased 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 worth $5,377,000 after buying an additional 779 shares in the last quarter. 60.38% of the stock is owned by hedge funds and other institutional investors.
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Several analysts have recently commented on the stock. UBS AG reissued a “buy” rating and set a $170.00 price target on shares of Apple in a research note on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and set a $140.00 price target on shares of Apple in a research note on Saturday, July 22nd. KeyCorp reissued an “equal weight” rating on shares of Apple in a research note on Friday, August 4th. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Finally, Barclays PLC reissued a “hold” rating and set a $146.00 price target on shares of Apple in a research note on Monday, September 4th. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $199.14.
Apple Inc. (AAPL) opened at $174.67 on Monday. The company has a market cap of $896,810.25, a P/E ratio of 18.99, a PEG ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 1 year low of $104.08 and a 1 year high of $176.24.
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 analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. analysts predict that Apple Inc. will post 11.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio is currently 27.39%.
In related news, SVP Johny Srouji sold 10,469 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80. Following the sale, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at $12,367,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 6,209 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $161.96, for a total transaction of $1,005,609.64. The disclosure for this sale can be found here. Insiders sold 411,389 shares of company stock worth $65,364,467 over the last ninety days. 0.08% of the stock is currently owned by insiders.
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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