Apple Inc. (AAPL) Stake Maintained by Stone Run Capital LLC
Stone Run Capital LLC continued to hold its position in shares of Apple Inc. (NASDAQ:AAPL) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,788 shares of the iPhone maker’s stock at the end of the first quarter. Stone Run Capital LLC’s holdings in Apple were worth $544,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Saratoga Research & Investment Management boosted its position in shares of Apple by 0.6% in the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after buying an additional 4,137 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Apple during the first quarter valued at about $1,924,000. Norges Bank purchased a new position in shares of Apple during the fourth quarter valued at about $5,625,709,000. Perigon Wealth Management LLC boosted its position in shares of Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock valued at $20,613,000 after buying an additional 8,233 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in shares of Apple during the fourth quarter valued at about $7,910,000. Hedge funds and other institutional investors own 61.13% of the company’s stock.
Shares of Apple Inc. (AAPL) traded up 1.5451% during trading on Friday, reaching $157.7199. The company’s stock had a trading volume of 10,619,773 shares. Apple Inc. has a 1-year low of $102.53 and a 1-year high of $161.83. The company’s 50-day moving average price is $149.58 and its 200 day moving average price is $144.00. The stock has a market capitalization of $814.66 billion, a price-to-earnings ratio of 17.9064 and a beta of 1.31. Apple also saw unusually large options trading activity on Tuesday. Traders purchased 139,415 put options on the company. This represents an increase of approximately 119% compared to the average daily volume of 63,733 put options.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. Analysts anticipate that Apple Inc. will post $9.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, August 10th. Apple’s dividend payout ratio is presently 28.64%.
Apple announced that its board has initiated a share repurchase program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
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AAPL has been the subject of several research analyst reports. UBS AG restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Monday, July 31st. Bank of America Corporation restated a “buy” rating and issued a $180.00 price objective (up from $155.00) on shares of Apple in a research note on Friday, May 12th. Wells Fargo & Company restated a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research note on Saturday, July 22nd. Mizuho restated a “buy” rating and issued a $150.00 price objective on shares of Apple in a research note on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 price objective on Apple and gave the stock a “buy” rating in a research note on Saturday, May 20th. Twelve equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $167.35.
In other news, SVP D Bruce Sewell sold 31,625 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the sale, the senior vice president now owns 112,430 shares in the company, valued at approximately $17,778,555.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Luca Maestri sold 4,757 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the sale, the insider now owns 3,414 shares of the company’s stock, valued at approximately $528,145.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 299,911 shares of company stock valued at $46,557,634. 0.08% of the stock is currently owned by corporate 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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