Perennial Advisors LLC Purchases 807 Shares of Apple Inc. (AAPL)
Perennial Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,213 shares of the iPhone maker’s stock after acquiring an additional 807 shares during the period. Apple comprises approximately 3.3% of Perennial Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Perennial Advisors LLC’s holdings in Apple were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Hefty Wealth Partners raised its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. bought a new position in Apple during the first quarter valued at about $117,000. State of Alaska Department of Revenue bought a new position in Apple during the second quarter valued at about $149,000. D. Scott Neal Inc. raised its holdings in Apple by 19.8% during the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 200 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC raised its holdings in Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) opened at $171.34 on Wednesday. The firm has a market cap of $893,216.25, a PE ratio of 18.91, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 12-month low of $106.16 and a 12-month high of $176.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. The business 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 in the previous year, the firm posted $1.50 earnings per share. research analysts predict that Apple Inc. will post 11.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, November 10th. Apple’s dividend payout ratio is 27.39%.
Several equities analysts have weighed in on AAPL shares. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 target price on the stock. in a report on Tuesday, July 18th. J P Morgan Chase & Co set a $165.00 target price on Apple and gave the company a “buy” rating in a report on Wednesday, July 19th. UBS AG restated a “buy” rating and set a $170.00 target price on shares of Apple in a report on Friday, July 21st. Guggenheim restated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Friday, July 21st. Finally, Wells Fargo & Company restated a “market perform” rating and set a $140.00 target price on shares of Apple in a report on Saturday, July 22nd. Six research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $199.29.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now directly owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,711 shares of company stock worth $62,660,786. 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.
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