Beck Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 45.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,637 shares of the iPhone maker’s stock after acquiring an additional 4,557 shares during the quarter. Beck Capital Management LLC’s holdings in Apple were worth $2,256,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Apple during the 2nd quarter worth about $400,000. Blue Sky Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $108,000. FNY Managed Accounts LLC raised its position in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC raised its position in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.
Shares of Apple Inc. (AAPL) opened at $181.72 on Tuesday. 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 has a market capitalization of $922,050.00, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. Apple Inc. has a 12-month low of $138.62 and a 12-month high of $182.39.
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, topping 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 company had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same period in the previous year, the firm posted $3.36 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities analysts predict that Apple Inc. will post 11.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued 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 24.66%.
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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.
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