Willis Investment Counsel lessened its position in Apple Inc. (NASDAQ:AAPL) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,100 shares of the iPhone maker’s stock after selling 16,716 shares during the period. Willis Investment Counsel’s holdings in Apple were worth $14,503,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC increased its position 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 acquiring an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position 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 acquiring an additional 17 shares in the last quarter. Karp Capital Management Corp increased its position 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 acquiring an additional 22 shares in the last quarter. Berkeley Capital Partners LLC increased its position 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 acquiring an additional 26 shares in the last quarter. Finally, Cutler Investment Counsel LLC increased its position in shares of Apple by 1.0% in the second quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock worth $571,000 after acquiring an additional 38 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on AAPL shares. UBS Group set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Co reissued a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $176.88 price objective for the company. in a research report on Friday, November 17th. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Apple in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $201.57.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 EPS. analysts expect that Apple Inc. will post 11.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.40%. Apple’s payout ratio is 24.66%.
In other Apple news, 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 transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.
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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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