Janney Capital Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,965 shares of the iPhone maker’s stock after acquiring an additional 2,812 shares during the period. Janney Capital Management LLC’s holdings in Apple were worth $21,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $108,000. FNY Managed Accounts LLC raised its position in shares of 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 purchasing an additional 716 shares during the last quarter. Private Vista LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $122,000. Armbruster Capital Management Inc. raised its position in shares of 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 purchasing an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC raised its position in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after purchasing an additional 500 shares during 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 Apple 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 transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the previous year, the company posted $3.36 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. sell-side analysts forecast that Apple Inc. will post 11.43 earnings per share 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 dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.40%. Apple’s dividend payout ratio is presently 25.90%.
Several equities analysts recently commented on AAPL shares. UBS Group set a $190.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Tuesday, November 14th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $177.17 price objective for the company in a research report on Wednesday, November 29th. Nomura set a $185.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Monday, November 27th. Citigroup reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Apple in a research report on Wednesday, December 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Apple in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $201.57.
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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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