Apple Inc. (AAPL) Shares Sold by Stearns Financial Services Group
Stearns Financial Services Group decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,070 shares of the iPhone maker’s stock after selling 1,478 shares during the period. Apple accounts for about 0.9% of Stearns Financial Services Group’s portfolio, making the stock its 18th largest holding. Stearns Financial Services Group’s holdings in Apple were worth $3,899,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Harbour Capital Advisors LLC boosted its holdings in Apple by 14,030.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Apple by 23.2% in the 1st 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 purchasing an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in Apple in the 1st quarter valued at about $190,134,000. State of Wisconsin Investment Board boosted its holdings in Apple by 15.5% in the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after purchasing an additional 749,158 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Apple by 502.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after purchasing an additional 716,683 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.
In other news, insider Johny Srouji sold 5,892 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at $11,327,638. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction dated 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. In the last quarter, insiders sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is currently owned by corporate insiders.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $174.97 on Friday. The company has a market cap of $898,350.56, a PE ratio of 19.02, a PEG ratio of 1.40 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1-year low of $108.25 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during 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%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. sell-side analysts expect that Apple Inc. will post 11.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. Apple’s dividend payout ratio is currently 27.39%.
AAPL has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. reissued a “” rating on shares of Apple in a report on Thursday, August 10th. UBS AG reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Monday, July 31st. Drexel Hamilton restated a “buy” rating and issued a $202.00 target price on shares of Apple in a research report on Wednesday, August 2nd. Independent Research GmbH set a $185.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Loop Capital restated a “buy” rating and issued a $180.00 target price (up from $172.00) on shares of Apple in a research report on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.28.
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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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