Rock Point Advisors LLC Has $10.62 Million Stake in Apple Inc. (AAPL)
Rock Point Advisors LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 68,932 shares of the iPhone maker’s stock after selling 4,708 shares during the period. Apple accounts for approximately 4.9% of Rock Point Advisors LLC’s holdings, making the stock its 3rd biggest holding. Rock Point Advisors LLC owned 13.35% of Apple worth $10,624,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. increased its position in shares of Apple by 7.6% in the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after purchasing an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its position in shares of Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after purchasing an additional 779 shares during the last quarter. Empirical Financial Services LLC increased its position in shares of Apple by 23.9% in the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC increased its position in shares of Apple by 14.4% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares during the last quarter. Finally, GenTrust LLC increased its position in shares of Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the last quarter. 60.23% of the stock is owned by institutional investors.
AAPL has been the subject of a number of recent research reports. Macquarie set a $188.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Friday, January 26th. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research report on Thursday, January 18th. Barclays lowered their price objective on shares of Apple from $174.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $201.72.
Shares of Apple Inc. (AAPL) opened at $156.41 on Friday. The firm has a market cap of $793,630.00, a P/E ratio of 16.09, a PEG ratio of 1.18 and a beta of 1.33. Apple Inc. has a one year low of $132.05 and a one year high of $180.10. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.36 EPS. research analysts anticipate that Apple Inc. will post 11.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s dividend payout ratio is currently 25.93%.
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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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