Greystone Investment Management LLC Has $4.05 Million Holdings in Apple Inc. (AAPL)
Greystone Investment Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,131 shares of the iPhone maker’s stock after selling 344 shares during the quarter. Apple accounts for 2.0% of Greystone Investment Management LLC’s portfolio, making the stock its 23rd biggest holding. Greystone Investment Management LLC’s holdings in Apple were worth $4,051,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in AAPL. Harbour Capital Advisors LLC boosted its holdings in 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 worth $31,352,000 after acquiring an additional 4,483,360 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after purchasing an additional 1,749,797 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Apple in the first quarter worth $190,134,000. State of Wisconsin Investment Board raised its stake in shares of Apple by 15.5% in the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after purchasing an additional 749,158 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Apple by 502.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock worth $123,742,000 after purchasing an additional 716,683 shares during the last quarter. 60.30% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc. (NASDAQ:AAPL) opened at $175.88 on Friday. The stock has a market cap of $904,871.19, a PE ratio of 19.16, a PEG ratio of 1.42 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 one year low of $104.08 and a one year high of $176.24.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. sell-side analysts expect that Apple Inc. will post 11.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
AAPL has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target (up previously from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research upgraded Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target for the company in a research note on Tuesday, August 29th. Bank of America Corporation restated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Apple in a research note on Wednesday, August 2nd. Finally, UBS AG reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $199.14.
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In related news, insider Chris Kondo sold 6,209 shares of Apple 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 411,389 shares of company stock worth $65,364,467 in the last ninety days. Insiders own 0.08% of the company’s stock.
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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