Berkshire Hathaway Inc. Grows Holdings in Apple Inc. (AAPL)
Berkshire Hathaway Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,191,960 shares of the iPhone maker’s stock after buying an additional 834,854 shares during the period. Apple accounts for approximately 11.6% of Berkshire Hathaway Inc.’s portfolio, making the stock its 3rd biggest holding. Berkshire Hathaway Inc. owned about 2.52% of Apple worth $18,750,246,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Apple by 14,030.2% in the second 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. Capital Research Global Investors grew its holdings in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Principal Financial Group Inc. grew its holdings in Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after acquiring an additional 2,138,928 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Apple by 21.6% during the second quarter. Parametric Portfolio Associates LLC now owns 11,991,909 shares of the iPhone maker’s stock worth $1,727,075,000 after acquiring an additional 2,132,900 shares during the period. 59.78% of the stock is currently owned by institutional investors.
In related news, insider Johny Srouji sold 10,368 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock worth $37,944,683 over the last quarter. 0.08% of the stock is currently owned by company insiders.
AAPL has been the topic of a number of recent analyst reports. Drexel Hamilton reaffirmed a “buy” rating and set a $208.00 price objective on shares of Apple in a report on Thursday, August 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 22nd. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $166.96 price objective on the stock in a report on Thursday, August 17th. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, UBS reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $200.27.
Shares of Apple Inc. (AAPL) opened at $172.67 on Tuesday. 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 12-month low of $112.49 and a 12-month high of $176.24. The stock has a market capitalization of $886,540.00, a price-to-earnings ratio of 18.41, a PEG ratio of 1.36 and a beta of 1.24.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. sell-side analysts anticipate that Apple Inc. will post 11.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.46%. Apple’s dividend payout ratio (DPR) is presently 27.42%.
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.