Royce & Associates LP lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 20.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 68,000 shares of the iPhone maker’s stock after selling 17,000 shares during the quarter. Royce & Associates LP’s holdings in Apple were worth $10,480,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Blue Sky Asset Management LLC acquired a new position in Apple during the 2nd quarter worth approximately $108,000. FNY Managed Accounts LLC lifted its position in 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. Private Vista LLC acquired a new position in Apple during the 2nd quarter worth approximately $122,000. Armbruster Capital Management Inc. lifted its position in 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 lifted its position in 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 and hedge funds own 61.41% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $181.72 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $913,220.88, a price-to-earnings ratio of 18.68, a PEG ratio of 1.36 and a beta of 1.19. Apple Inc. has a twelve month low of $138.62 and a twelve month high of $182.39.
The company also recently disclosed 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 of this dividend was Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.39%. Apple’s dividend payout ratio (DPR) is 25.90%.
A number of brokerages have issued reports on AAPL. Royal Bank of Canada reaffirmed a “buy” rating and issued a $205.00 target price on shares of Apple in a research report on Friday. Rosenblatt Securities set a $180.00 target price on Apple and gave the company a “buy” rating in a research report on Wednesday, March 7th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $183.68 target price on the stock. in a research report on Tuesday, March 6th. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, BidaskClub raised Apple from a “sell” rating to a “hold” rating in a research report on Saturday, February 17th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.57.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’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 sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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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