Nomura Asset Management Co. Ltd. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,456,882 shares of the iPhone maker’s stock after acquiring an additional 217,640 shares during the period. Apple comprises about 2.9% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its largest holding. Nomura Asset Management Co. Ltd.’s holdings in Apple were worth $224,534,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new position in Apple in the 2nd quarter worth about $400,000. Blue Sky Asset Management LLC acquired a new position in Apple in the 2nd quarter worth about $108,000. FNY Managed Accounts LLC increased its position in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. Armbruster Capital Management Inc. increased its position in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC increased its position in Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction 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 approximately $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% 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 firm has a market capitalization of $913,220.88, a price-to-earnings ratio of 18.68, a P/E/G 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.
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 firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same period last year, the firm posted $3.36 EPS. The business’s revenue was up 12.7% on a year-over-year basis. equities analysts anticipate that Apple Inc. will post 11.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued 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 1.39%. Apple’s dividend payout ratio is 25.90%.
TRADEMARK VIOLATION NOTICE: “Apple Inc. (AAPL) is Nomura Asset Management Co. Ltd.’s Largest Position” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/13/apple-inc-aapl-is-nomura-asset-management-co-ltd-s-largest-position.html.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.