Capital Investment Advisory Services LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,652 shares of the iPhone maker’s stock after purchasing an additional 2,081 shares during the period. Apple comprises 1.4% of Capital Investment Advisory Services LLC’s holdings, making the stock its 11th biggest holding. Capital Investment Advisory Services LLC’s holdings in Apple were worth $4,694,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AAPL. Thoroughbred Financial Services LLC grew its stake in Apple by 19,949.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after acquiring an additional 10,004,976 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in Apple in the 2nd quarter worth about $809,074,000. H&H International Investment LLC grew its stake in Apple by 16.5% in the 2nd quarter. H&H International Investment LLC now owns 3,877,900 shares of the iPhone maker’s stock worth $785,333,000 after acquiring an additional 550,300 shares in the last quarter. Fisher Asset Management LLC grew its stake in Apple by 4.1% in the 2nd quarter. Fisher Asset Management LLC now owns 13,738,592 shares of the iPhone maker’s stock worth $2,719,142,000 after acquiring an additional 546,597 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in Apple by 57.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,235,798 shares of the iPhone maker’s stock worth $170,524,000 after acquiring an additional 450,098 shares in the last quarter. Institutional investors own 58.77% of the company’s stock.
A number of brokerages have commented on AAPL. Cowen set a $250.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wedbush restated an “outperform” rating and issued a $245.00 target price on shares of Apple in a research note on Monday. Bank of America restated a “buy” rating and issued a $250.00 target price (up from $240.00) on shares of Apple in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $240.00 target price (up from $202.00) on shares of Apple in a research note on Wednesday, July 31st. Finally, Evercore ISI began coverage on shares of Apple in a research note on Thursday, June 6th. They issued an “outperform” rating and a $205.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Hold” and a consensus price target of $218.82.
In other Apple news, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total value of $951,648.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 304,536 shares of company stock valued at $62,894,611. Corporate insiders own 0.05% of the company’s stock.
NASDAQ:AAPL opened at $223.09 on Friday. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The firm has a 50 day moving average of $207.16 and a 200 day moving average of $196.48. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $967.87 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.77 and a beta of 1.24.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Apple’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 11.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a yield of 1.38%. Apple’s payout ratio is 25.86%.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
Further Reading: Exchange-Traded Funds (ETFs)
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