Harbour Capital Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 26,264 shares of the iPhone maker’s stock after buying an additional 137 shares during the quarter. Apple comprises 2.5% of Harbour Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. Harbour Capital Advisors LLC’s holdings in Apple were worth $5,882,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Centaurus Financial Inc. raised its holdings in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares during the last quarter. Bath Savings Trust Co raised its holdings in Apple by 0.9% during the second quarter. Bath Savings Trust Co now owns 112,944 shares of the iPhone maker’s stock worth $22,354,000 after purchasing an additional 1,036 shares during the last quarter. Thomasville National Bank raised its holdings in Apple by 1.0% during the second quarter. Thomasville National Bank now owns 108,085 shares of the iPhone maker’s stock worth $21,392,000 after purchasing an additional 1,036 shares during the last quarter. Private Trust Co. NA raised its holdings in Apple by 0.9% during the second quarter. Private Trust Co. NA now owns 72,299 shares of the iPhone maker’s stock worth $14,309,000 after purchasing an additional 623 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its holdings in Apple by 1.6% during the second quarter. Silverleafe Capital Partners LLC now owns 34,561 shares of the iPhone maker’s stock worth $6,840,000 after purchasing an additional 539 shares during the last quarter. 58.61% of the stock is owned by hedge funds and other institutional investors.
In other Apple news, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 12,459 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total value of $2,915,904.36. Following the sale, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at approximately $13,531,958.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,264 shares of company stock valued at $90,909,405. 0.05% of the stock is owned by company insiders.
Apple stock opened at $257.24 on Thursday. The firm has a market capitalization of $1,144.14 billion, a P/E ratio of 21.63, a PEG ratio of 1.82 and a beta of 1.25. The stock has a fifty day moving average price of $233.86 and a 200 day moving average price of $208.97. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $258.19. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.19. Apple had a return on equity of 53.82% and a net margin of 21.24%. The firm had revenue of $64.04 billion during the quarter, compared to the consensus estimate of $62.86 billion. During the same quarter in the previous year, the business earned $2.91 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 13.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, November 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.
Several equities analysts recently issued reports on AAPL shares. Goldman Sachs Group set a $192.00 price objective on Apple and gave the stock a “neutral” rating in a report on Wednesday. Bank of America boosted their price target on Apple from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group boosted their price target on Apple from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cascend Securities boosted their price target on Apple from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Daiwa Capital Markets set a $223.00 price target on Apple and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Hold” and a consensus price target of $239.51.
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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