Apple Inc. (AAPL) Stake Lessened by Peak Financial Management Inc.

Peak Financial Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,784 shares of the iPhone maker’s stock after selling 4 shares during the period. Apple comprises approximately 0.8% of Peak Financial Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Peak Financial Management Inc.’s holdings in Apple were worth $1,985,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Stone House Investment Management LLC lifted its holdings in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its holdings in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after purchasing an additional 20 shares in the last quarter. Karp Capital Management Corp lifted its holdings in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares in the last quarter. Finally, Welch Investments LLC lifted its holdings in Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock valued at $37,944,683 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

AAPL has been the topic of a number of research reports. Drexel Hamilton restated a “buy” rating and issued a $208.00 price objective on shares of Apple in a report on Thursday, August 24th. Canaccord Genuity restated a “buy” rating and issued a $180.00 price objective on shares of Apple in a report on Tuesday, August 22nd. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $166.96 target price for the company in a research note on Thursday, August 17th. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Finally, UBS reaffirmed a “buy” rating and issued a $180.00 target price on shares of Apple in a research note on Tuesday, August 29th. Seven investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $200.27.

Shares of Apple Inc. (AAPL) opened at $172.67 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $886,540.00, a PE ratio of 18.41, a P/E/G ratio of 1.36 and a beta of 1.24. Apple Inc. has a 52-week low of $112.49 and a 52-week high of $176.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same period last year, the business posted $1.50 EPS. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts predict that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.42%.

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Apple Company 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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