Stratos Wealth Partners LTD. purchased a new position in Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 204,865 shares of the iPhone maker’s stock, valued at approximately $31,574,000. Apple comprises approximately 1.5% of Stratos Wealth Partners LTD.’s holdings, making the stock its 7th largest holding.
A number of other large investors have also recently made changes to their positions in the business. Stone House Investment Management LLC raised its stake in shares of Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares during the last quarter. Karp Capital Management Corp raised its stake in shares of Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after purchasing an additional 22 shares during the last quarter. Welch Investments LLC raised its stake in shares of Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its stake in shares of Apple by 0.6% in the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.
In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. Insiders have sold 96,643 shares of company stock worth $16,603,803 in the last 90 days. Company insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) opened at $175.50 on Friday. Apple Inc. has a 52 week low of $135.28 and a 52 week high of $180.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of $890,490.00, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.32 and a beta of 1.33.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter last year, the business posted $3.36 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. equities analysts expect that Apple Inc. will post 11.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.44%. Apple’s payout ratio is 24.66%.
Several analysts have recently commented on the company. BidaskClub raised Apple from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Friday, February 16th. Vetr downgraded Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price objective for the company. in a research note on Wednesday, February 14th. Bank of America reissued an “outperform” rating and issued a $220.00 price objective on shares of Apple in a research note on Thursday, February 8th. Finally, ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $201.64.
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.
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