Apple Inc. (AAPL) Shares Sold by John G Ullman & Associates Inc.
John G Ullman & Associates Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,927 shares of the iPhone maker’s stock after selling 100 shares during the period. John G Ullman & Associates Inc.’s holdings in Apple were worth $2,140,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC increased its position in Apple by 3.2% in the third quarter. Eagle Capital Management LLC now owns 40,820 shares of the iPhone maker’s stock valued at $4,615,000 after buying an additional 1,249 shares during the period. Standard Life Investments LTD boosted its stake in Apple by 9.9% in the third quarter. Standard Life Investments LTD now owns 4,148,774 shares of the iPhone maker’s stock valued at $468,894,000 after buying an additional 372,103 shares in the last quarter. GWM Advisors LLC boosted its stake in Apple by 14.4% in the third quarter. GWM Advisors LLC now owns 24,079 shares of the iPhone maker’s stock valued at $2,721,000 after buying an additional 3,036 shares in the last quarter. Hayek Kallen Investment Management boosted its stake in Apple by 0.3% in the third quarter. Hayek Kallen Investment Management now owns 48,717 shares of the iPhone maker’s stock valued at $5,507,000 after buying an additional 167 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in Apple by 0.3% in the third quarter. Coastline Trust Co now owns 42,654 shares of the iPhone maker’s stock valued at $4,822,000 after buying an additional 110 shares in the last quarter. 57.11% of the stock is currently owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) traded down 0.10% during trading on Tuesday, hitting $111.46. 28,528,750 shares of the stock were exchanged. The stock has a market capitalization of $594.34 billion, a price-to-earnings ratio of 13.41 and a beta of 1.34. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $119.86. The firm has a 50-day moving average of $112.99 and a 200-day moving average of $105.64.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. Apple had a net margin of 21.19% and a return on equity of 35.59%. The firm had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post $9.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, November 3rd. Apple’s dividend payout ratio (DPR) is currently 27.57%.
Several equities analysts have weighed in on the company. Drexel Hamilton restated a “buy” rating and set a $185.00 price target on shares of Apple in a report on Wednesday, September 14th. Piper Jaffray Cos. upgraded Apple to an “overweight” rating and set a $151.00 price target for the company in a report on Friday, September 16th. Morgan Stanley restated an “overweight” rating and set a $124.00 price target on shares of Apple in a report on Friday, October 14th. Goldman Sachs Group Inc. restated a “buy” rating and set a $124.00 price target on shares of Apple in a report on Monday, October 24th. Finally, Raymond James Financial Inc. restated an “outperform” rating on shares of Apple in a report on Sunday, October 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $128.29.
In other Apple news, CEO Timothy D. Cook sold 49,883 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $106.19, for a total transaction of $5,297,075.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 22,381 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $113.06, for a total transaction of $2,530,395.86. Following the sale, the insider now directly owns 47,043 shares in the company, valued at $5,318,681.58. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
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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