Obermeyer Wood Investment Counsel Lllp Has $1.57 Million Position in Apple Inc. (AAPL)
Obermeyer Wood Investment Counsel Lllp boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,214 shares of the iPhone maker’s stock after acquiring an additional 1,131 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Apple were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Sky Asset Management LLC acquired a new position in shares of Apple during the 2nd quarter valued at $108,000. FNY Managed Accounts LLC boosted its stake in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC bought a new stake in shares of Apple during the 2nd quarter worth $122,000. Armbruster Capital Management Inc. boosted its stake in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC boosted its stake in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.
In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,412 shares of company stock valued at $22,115,155. Insiders own 0.08% of the company’s stock.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 earnings per share. equities analysts forecast that Apple Inc. will post 11.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.61%. Apple’s payout ratio is 25.93%.
Several equities research analysts have recently weighed in on AAPL shares. Drexel Hamilton reissued a “buy” rating and set a $208.00 price objective on shares of Apple in a research note on Monday, October 30th. Maxim Group reissued a “buy” rating and set a $193.00 price objective on shares of Apple in a research note on Friday, October 27th. started coverage on Apple in a research note on Wednesday, October 25th. They set a “buy” rating and a $193.00 price objective for the company. UBS Group reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Monday, October 23rd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Apple has an average rating of “Buy” and a consensus target price of $200.43.
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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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