Everence Capital Management Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,140 shares of the iPhone maker’s stock after selling 3,010 shares during the quarter. Apple makes up 4.8% of Everence Capital Management Inc.’s investment portfolio, making the stock its largest position. Everence Capital Management Inc.’s holdings in Apple were worth $23,960,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of AAPL. Pennsylvania Trust Co raised its stake in Apple by 1.4% during the second quarter. Pennsylvania Trust Co now owns 294,543 shares of the iPhone maker’s stock worth $54,523,000 after acquiring an additional 4,136 shares in the last quarter. Guidant Wealth Advisors lifted its stake in Apple by 99.2% in the second quarter. Guidant Wealth Advisors now owns 9,724 shares of the iPhone maker’s stock valued at $507,000 after buying an additional 4,842 shares during the period. James Hambro & Partners acquired a new position in Apple in the second quarter valued at about $993,000. Daiwa SB Investments Ltd. lifted its stake in Apple by 3.4% in the second quarter. Daiwa SB Investments Ltd. now owns 27,620 shares of the iPhone maker’s stock valued at $5,113,000 after buying an additional 900 shares during the period. Finally, Augustine Asset Management Inc. raised its position in shares of Apple by 1.5% during the second quarter. Augustine Asset Management Inc. now owns 63,812 shares of the iPhone maker’s stock worth $11,812,000 after purchasing an additional 963 shares during the period. Hedge funds and other institutional investors own 60.22% of the company’s stock.
Shares of NASDAQ AAPL opened at $169.43 on Tuesday. The firm has a market capitalization of $837.59 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47.
Apple (NASDAQ:AAPL) last announced 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 firm had revenue of $84.31 billion during 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, equities research analysts forecast that Apple Inc. will post 11.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be issued a $0.73 dividend. The ex-dividend date is Friday, February 8th. This represents a $2.92 annualized dividend and a yield of 1.72%. Apple’s dividend payout ratio is presently 24.52%.
In other news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 1,521 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $228.00 target price on shares of Apple in a research report on Friday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Friday, January 18th. Citigroup decreased their price target on Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Rosenblatt Securities set a $165.00 price target on Apple and gave the company a “neutral” rating in a research note on Thursday, December 6th. Finally, Morgan Stanley raised their price target on Apple from $226.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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