King Luther Capital Management Corp decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,074,839 shares of the iPhone maker’s stock after selling 2,514 shares during the quarter. Apple makes up 2.8% of King Luther Capital Management Corp’s investment portfolio, making the stock its largest position. King Luther Capital Management Corp’s holdings in Apple were worth $319,774,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AAPL. Janus Henderson Group PLC increased its position in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares during the period. Capital Research Global Investors increased its position in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Stifel Financial Corp increased its position in shares of Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after buying an additional 3,841,842 shares during the period. Harding Loevner LP increased its position in shares of Apple by 784,734.3% during the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after buying an additional 3,295,884 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after buying an additional 3,178,809 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) opened at $181.72 on Tuesday. Apple Inc. has a twelve month low of $138.62 and a twelve month high of $182.39. The company has a market cap of $913,220.88, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.63 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.39%. Apple’s dividend payout ratio (DPR) is presently 25.90%.
Several equities analysts recently issued reports on the stock. BidaskClub cut shares of Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $162.00 to $166.00 in a research report on Wednesday, January 31st. William Blair reiterated an “outperform” rating on shares of Apple in a research report on Friday, February 2nd. Bank of America reiterated an “outperform” rating and set a $220.00 price target on shares of Apple in a research report on Thursday, February 8th. Finally, Longbow Research cut shares of Apple from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average price target of $201.57.
In other news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.
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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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