Hillview Capital Advisors LLC Invests $329,000 in Apple Inc. (AAPL)
Hillview Capital Advisors LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,292 shares of the iPhone maker’s stock, valued at approximately $329,000. Apple makes up approximately 1.4% of Hillview Capital Advisors LLC’s holdings, making the stock its 4th largest position.
Other hedge funds have also bought and sold shares of the company. Marsico Capital Management LLC increased its stake in shares of Apple by 232.4% in the first quarter. Marsico Capital Management LLC now owns 261,430 shares of the iPhone maker’s stock worth $37,557,000 after buying an additional 182,791 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares in the last quarter. Nicholas Investment Partners LP bought a new position in Apple during the first quarter worth about $4,517,000. Dynamic Capital Management Ltd boosted its position in Apple by 28.7% in the first quarter. Dynamic Capital Management Ltd now owns 13,055 shares of the iPhone maker’s stock worth $1,875,000 after buying an additional 2,912 shares in the last quarter. Finally, Columbia Asset Management boosted its position in Apple by 1.1% in the first quarter. Columbia Asset Management now owns 94,234 shares of the iPhone maker’s stock worth $13,537,000 after buying an additional 990 shares in the last quarter. 61.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.57% on Friday, hitting $157.76. The company’s stock had a trading volume of 10,631,042 shares. Apple Inc. has a 52 week low of $102.53 and a 52 week high of $161.83. The stock’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 $814.87 billion, a P/E ratio of 17.91 and a beta of 1.31. Apple also was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 139,415 put options on the company. This is an increase of 119% compared to the typical daily volume of 63,733 put options.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period last year, the firm earned $1.42 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post $9.02 earnings per share for the current fiscal year.
The firm 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 $0.63 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.62%. Apple’s payout ratio is 28.64%.
Apple declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Several brokerages have issued reports on AAPL. UBS AG restated a “buy” rating and issued a $151.00 price target on shares of Apple in a research report on Monday, April 24th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $176.00 price objective (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $176.00 target price (up from $168.00) on shares of Apple in a research note on Wednesday, August 2nd. Instinet reissued a “buy” rating and set a $175.00 target price (up from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. Finally, Guggenheim increased their target price on shares of Apple from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Twelve research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average target price of $167.35.
In other news, insider Luca Maestri sold 4,757 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $154.70, for a total value of $735,907.90. Following the completion of the sale, the insider now directly owns 3,414 shares in the company, valued at approximately $528,145.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP D Bruce Sewell sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 of the company’s stock, valued at $17,778,555.90. The disclosure for this sale can be found here. Insiders sold 299,911 shares of company stock valued at $46,557,634 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
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.