Round Table Services LLC Purchases 894 Shares of Apple Inc. (AAPL)
Round Table Services LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,481 shares of the iPhone maker’s stock after buying an additional 894 shares during the period. Apple makes up approximately 0.5% of Round Table Services LLC’s portfolio, making the stock its 26th largest position. Round Table Services LLC’s holdings in Apple were worth $1,509,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Sumitomo Mitsui Financial Group Inc. purchased a new position in Apple during the fourth quarter valued at about $1,843,000. Tyers Asset Management LLC purchased a new position in Apple during the fourth quarter valued at about $139,240,000. Ullmann Financial Group Inc. purchased a new position in Apple during the fourth quarter valued at about $220,000. Zurich Insurance Group Ltd FI increased its position in Apple by 1.6% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 829,824 shares of the iPhone maker’s stock valued at $96,110,000 after buying an additional 12,704 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in Apple by 10.2% in the fourth quarter. Scotia Capital Inc. now owns 736,525 shares of the iPhone maker’s stock valued at $85,352,000 after buying an additional 68,413 shares in the last quarter. 61.50% of the stock is owned by institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) traded down 0.23% during trading on Friday, hitting $157.50. The company had a trading volume of 27,428,069 shares. The stock’s 50-day moving average is $151.99 and its 200 day moving average is $145.63. The firm has a market capitalization of $813.52 billion, a P/E ratio of 17.88 and a beta of 1.31. Apple Inc. has a 52-week low of $102.53 and a 52-week high of $162.51.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the company posted $1.42 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post $9.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 annualized dividend and a yield of 1.60%. Apple’s payout ratio is currently 28.64%.
Apple announced that its board has approved a stock buyback program on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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AAPL has been the subject of several recent research reports. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. UBS AG reiterated a “buy” rating and issued a $151.00 target price on shares of Apple in a report on Monday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 target price on shares of Apple in a report on Tuesday, April 25th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $155.00 target price on shares of Apple in a report on Wednesday, April 26th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $140.00 target price on shares of Apple in a report on Friday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $167.38.
In other Apple news, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the completion of the sale, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at $12,367,750. The disclosure for this sale can be found here. Insiders sold a total of 304,640 shares of company stock valued at $47,405,994 over the last ninety days. 0.08% of the stock is owned by corporate insiders.
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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