Santa Barbara Asset Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,717,012 shares of the iPhone maker’s stock after purchasing an additional 2,214 shares during the quarter. Apple comprises 4.2% of Santa Barbara Asset Management LLC’s investment portfolio, making the stock its biggest holding. Santa Barbara Asset Management LLC’s holdings in Apple were worth $264,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC bought a new position in Apple in the 2nd quarter valued at about $108,000. FNY Managed Accounts LLC lifted 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 buying an additional 716 shares in the last quarter. Private Vista LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $122,000. Armbruster Capital Management Inc. lifted 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 buying an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC lifted 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 buying an additional 500 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors.
Shares of Apple Inc. (NASDAQ AAPL) opened at $181.72 on Tuesday. Apple Inc. has a fifty-two week low of $138.62 and a fifty-two week high of $182.39. 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 stock has a market cap of $913,220.88, a price-to-earnings ratio of 18.68, a PEG ratio of 1.36 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 25.90%.
Several equities analysts have commented on AAPL shares. Citigroup reissued a “buy” rating and set a $200.00 target price on shares of Apple in a research report on Wednesday, December 13th. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities lifted their target price on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura set a $185.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, UBS Group set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $201.57.
In other news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Friday, January 5th. The shares were 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 accessible through this hyperlink. 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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