Apple Inc. (AAPL) Shares Sold by Brown Advisory Securities LLC
Brown Advisory Securities LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,575 shares of the iPhone maker’s stock after selling 1,421 shares during the period. Apple comprises about 4.6% of Brown Advisory Securities LLC’s investment portfolio, making the stock its largest holding. Brown Advisory Securities LLC’s holdings in Apple were worth $21,193,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Sky Asset Management LLC purchased a new stake in shares of Apple in the second quarter valued at $108,000. FNY Managed Accounts LLC grew its holdings in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC bought a new position in shares of Apple in the second quarter worth about $122,000. Armbruster Capital Management Inc. grew its holdings in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC grew its holdings in shares of Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares during the last quarter. 60.18% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders sold a total of 112,771 shares of company stock worth $19,419,429 in the last three months. 0.06% of the stock is owned by corporate insiders.
Apple Inc. (NASDAQ:AAPL) opened at $162.71 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $825,590.00, a P/E ratio of 16.74, a PEG ratio of 1.18 and a beta of 1.33. Apple Inc. has a 1-year low of $132.75 and a 1-year high of $180.10.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter last year, the company earned $3.36 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts anticipate that Apple Inc. will post 11.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.55%. Apple’s dividend payout ratio is currently 25.93%.
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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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