Crawford Lake Capital Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,216 shares of the iPhone maker’s stock after acquiring an additional 27,969 shares during the quarter. Apple makes up about 5.8% of Crawford Lake Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Crawford Lake Capital Management LLC’s holdings in Apple were worth $16,062,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in AAPL. Berkshire Hathaway Inc. raised its holdings in Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors raised its holdings in Apple by 15.0% in the 2nd 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. Legal & General Group Plc raised its holdings in Apple by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the period. Janus Henderson Group PLC raised its holdings in Apple by 301.3% in the 2nd 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. Finally, Swiss National Bank raised its holdings in Apple by 0.4% in the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the period. 61.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ 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. Apple Inc. has a fifty-two week low of $138.62 and a fifty-two week 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 business 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. This represents a $2.52 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 25.90%.
In related news, insider Daniel J. Riccio sold 15,641 shares of the 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 $2,401,302.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.
AAPL has been the topic of several research analyst reports. Citigroup restated a “buy” rating and issued a $200.00 price objective on shares of Apple in a report on Wednesday, December 13th. Bank of America lowered shares of Apple from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities boosted their price target on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Nomura set a $185.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, UBS Group set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $201.57.
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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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