McAdam LLC Has $520,000 Position in Apple Inc. (AAPL)
McAdam LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,609 shares of the iPhone maker’s stock after buying an additional 288 shares during the period. Apple makes up about 0.4% of McAdam LLC’s holdings, making the stock its 28th biggest position. McAdam LLC’s holdings in Apple were worth $520,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AAPL. LaFleur & Godfrey LLC purchased a new stake in shares of Apple during the 1st quarter worth $28,234,000. Verity & Verity LLC boosted its position in shares of Apple by 4.3% during the 1st quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock worth $8,557,000 after purchasing an additional 2,471 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Apple by 23.2% during the 1st 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 in the last quarter. Orca Investment Management LLC boosted its position in shares of Apple by 78.2% during the 1st quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock worth $3,596,000 after purchasing an additional 10,986 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Apple by 2.8% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock worth $10,837,000 after purchasing an additional 2,065 shares in the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.
In other news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the transaction, the insider now directly owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 232,967 shares of company stock valued at $37,944,683. Corporate insiders own 0.08% of the company’s stock.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. equities analysts expect that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio is currently 27.39%.
Several equities research analysts have commented on AAPL shares. Barclays restated a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $180.00 target price on shares of Apple in a research report on Monday, September 11th. Morgan Stanley restated an “overweight” rating and set a $194.00 target price (up from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Mizuho set a $160.00 price target on Apple and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $178.34 price target for the company. in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $197.57.
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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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