Apple Inc. (NASDAQ:AAPL) Shares Purchased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 143,852 shares of the iPhone maker’s stock after purchasing an additional 846 shares during the period. Apple comprises about 1.9% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 8th biggest holding. Rehmann Capital Advisory Group’s holdings in Apple were worth $19,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Apple by 11.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 146,608 shares of the iPhone maker’s stock worth $20,080,000 after purchasing an additional 14,875 shares during the period. Ally Financial Inc. boosted its stake in Apple by 150.0% in the 2nd quarter. Ally Financial Inc. now owns 100,000 shares of the iPhone maker’s stock worth $13,696,000 after purchasing an additional 60,000 shares during the period. Lcnb Corp boosted its stake in Apple by 1.1% in the 2nd quarter. Lcnb Corp now owns 35,644 shares of the iPhone maker’s stock worth $4,882,000 after purchasing an additional 387 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in shares of Apple by 7.4% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 12,672 shares of the iPhone maker’s stock valued at $1,736,000 after buying an additional 876 shares during the period. Finally, Stevard LLC acquired a new stake in shares of Apple during the 2nd quarter valued at $1,452,000. 56.38% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Jeffrey E. Williams sold 165,829 shares of the stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $138.83, for a total value of $23,022,040.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 2,386,440 shares of the company’s stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total transaction of $354,577,255.20. The disclosure for this sale can be found here. Insiders sold 2,673,583 shares of company stock worth $394,667,857 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Shares of AAPL stock opened at $144.16 on Monday. Apple Inc. has a 1 year low of $107.32 and a 1 year high of $157.26. The firm’s 50 day moving average is $147.21 and its 200-day moving average is $138.68. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 28.34, a PEG ratio of 2.10 and a beta of 1.20. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 1.65.

Apple (NASDAQ:AAPL) last announced its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.29. Apple had a net margin of 25.00% and a return on equity of 131.01%. The company had revenue of $81.40 billion for the quarter, compared to analyst estimates of $73.48 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Apple’s quarterly revenue was up 36.4% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were issued a $0.22 dividend. The ex-dividend date was Friday, August 6th. This represents a $0.88 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio is currently 26.83%.

A number of equities research analysts have issued reports on AAPL shares. Wells Fargo & Company raised shares of Apple to an “overweight” rating and lifted their target price for the company from $160.00 to $165.00 in a research note on Wednesday, July 28th. JPMorgan Chase & Co. set a $180.00 target price on shares of Apple in a research note on Wednesday, October 6th. Canaccord Genuity lifted their target price on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Tigress Financial lifted their target price on shares of Apple from $182.00 to $198.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 22nd. Finally, Credit Suisse Group set a $150.00 price objective on shares of Apple in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $164.85.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

See Also: How To Calculate Debt-to-Equity Ratio

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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