Ladenburg Thalmann Financial Services Inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,268,387 shares of the iPhone maker’s stock after selling 43,491 shares during the quarter. Apple accounts for approximately 2.1% of Ladenburg Thalmann Financial Services Inc.’s investment portfolio, making the stock its biggest holding. Ladenburg Thalmann Financial Services Inc.’s holdings in Apple were worth $195,505,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple in the 2nd quarter valued at about $108,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the last quarter. Private Vista LLC purchased a new stake in Apple in the 2nd quarter valued at about $122,000. Armbruster Capital Management Inc. increased its stake in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC increased its stake 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 purchasing an additional 500 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on AAPL. BidaskClub lowered shares of Apple from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets lowered shares of Apple from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair restated an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Bank of America restated an “outperform” rating and set a $220.00 price target on shares of Apple in a research note on Thursday, February 8th. Finally, Longbow Research lowered shares of Apple from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 17th. One 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 issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $201.57.
Apple Inc. (NASDAQ AAPL) opened at $179.97 on Wednesday. The company has a market cap of $913,170.00, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.36 and a beta of 1.22. Apple Inc. has a 52-week low of $138.62 and a 52-week high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 EPS. analysts forecast that Apple Inc. will post 11.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 24.66%.
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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