U S Global Investors Inc. purchased a new position in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,174 shares of the iPhone maker’s stock, valued at approximately $457,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Beaton Management Co. Inc. bought a new stake in Apple in the 2nd quarter worth approximately $682,000. Dynamic Technology Lab Private Ltd bought a new stake in Apple in the 2nd quarter worth approximately $314,000. Tandem Investment Advisors Inc. bought a new stake in Apple in the 2nd quarter worth approximately $214,000. Mountain Capital Investment Advisors Inc bought a new stake in Apple in the 2nd quarter worth approximately $945,000. Finally, Millie Capital Management LLC increased its stake in Apple by 2.3% in the 2nd quarter. Millie Capital Management LLC now owns 15,795 shares of the iPhone maker’s stock worth $2,275,000 after acquiring an additional 357 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors.
In other Apple news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 232,967 shares of company stock valued at $37,944,683 over the last quarter. Company insiders own 0.08% of the company’s stock.
AAPL has been the topic of a number of research reports. Barclays reaffirmed a “hold” rating and issued a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research note on Tuesday, November 14th. Royal Bank of Canada lifted their price objective on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 1st. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Apple in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $197.57.
Apple Inc. (NASDAQ AAPL) opened at $172.27 on Thursday. The company has a market capitalization of $886,541.63, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 12-month low of $114.76 and a 12-month high of $176.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 EPS. equities research analysts expect 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. Shareholders of record on Monday, November 13th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio is 27.39%.
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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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