Smith Asset Management Group LP grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 19.2% during the 3rd quarter, Holdings Channel reports. The firm owned 826,705 shares of the iPhone maker’s stock after buying an additional 133,004 shares during the period. Apple comprises approximately 4.3% of Smith Asset Management Group LP’s holdings, making the stock its biggest position. Smith Asset Management Group LP’s holdings in Apple were worth $127,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. YHB Investment Advisors Inc. boosted its position in shares of Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA boosted its position in shares of Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the last quarter. Empirical Financial Services LLC boosted its position in shares of Apple by 23.9% during the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after acquiring an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC boosted its position in shares of Apple by 14.4% during the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares during the last quarter. Finally, GenTrust LLC boosted its position in shares of Apple by 1,022.9% during the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares during the last quarter. 60.23% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (AAPL) opened at $155.15 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple Inc. has a one year low of $131.12 and a one year high of $180.10. The firm has a market cap of $809,508.00, a P/E ratio of 15.95, a P/E/G ratio of 1.21 and a beta of 1.31.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same period in the prior year, the firm earned $3.36 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts predict that Apple Inc. will post 11.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be paid 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 dividend yield of 1.62%. Apple’s payout ratio is 25.90%.

In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last 90 days. Insiders own 0.08% of the company’s stock.

Several brokerages have recently weighed in on AAPL. Bank of America reissued an “outperform” rating and set a $159.54 price target (down previously from $220.00) on shares of Apple in a research report on Thursday. ValuEngine cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group initiated coverage on shares of Apple in a research report on Wednesday. They issued a “neutral” rating and a $161.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Apple in a research report on Friday, February 2nd. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Apple in a research report on Sunday, February 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $200.43.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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