Capital Advisors Ltd. LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,012 shares of the iPhone maker’s stock after purchasing an additional 741 shares during the period. Capital Advisors Ltd. LLC’s holdings in Apple were worth $1,583,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Delphi Private Advisors LLC bought a new position in Apple during the second quarter valued at $120,000. Selective Wealth Management bought a new position in Apple during the third quarter valued at $194,000. Lawson Kroeker Investment Management Inc. NE bought a new position in Apple during the third quarter valued at $201,000. Boston Standard Wealth Management LLC bought a new position in Apple during the third quarter valued at $204,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in Apple during the third quarter valued at $201,000. Institutional investors own 60.22% of the company’s stock.
NASDAQ AAPL opened at $170.93 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $837.64 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. As a group, analysts anticipate that Apple Inc. will post 11.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 11th were given a $0.73 dividend. The ex-dividend date was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.71%. Apple’s dividend payout ratio is currently 24.52%.
In other news, Director Arthur D. Levinson sold 1,521 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the sale, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.
Several equities analysts have weighed in on AAPL shares. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $240.00 price target on shares of Apple in a report on Thursday, October 25th. Jefferies Financial Group began coverage on Apple in a report on Monday, October 29th. They issued a “buy” rating and a $265.00 price target for the company. JPMorgan Chase & Co. set a $272.00 price target on Apple and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Bank of America reaffirmed a “buy” rating and issued a $235.00 price target on shares of Apple in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $191.66.
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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.
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