Valeo Financial Advisors LLC bought a new position in Apple Inc. (NASDAQ:AAPL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 76,666 shares of the iPhone maker’s stock, valued at approximately $11,816,000. Apple makes up about 2.7% of Valeo Financial Advisors LLC’s holdings, making the stock its 4th largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Apple during the 2nd quarter valued at $400,000. Blue Sky Asset Management LLC acquired a new stake in Apple during the 2nd quarter valued at $108,000. FNY Managed Accounts LLC increased its holdings in Apple by 852.4% during 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 in the last quarter. Armbruster Capital Management Inc. increased its holdings in Apple by 9.4% during 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 in the last quarter. Finally, Crow Point Partners LLC increased its holdings in Apple by 100.0% during 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 in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.
Shares of Apple Inc. (AAPL) opened at $179.97 on Wednesday. Apple Inc. has a 12 month low of $138.62 and a 12 month high of $183.50. The stock has a market capitalization of $913,170.00, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. 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 company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 24.66%.
A number of equities research analysts recently weighed in on AAPL shares. Macquarie set a $188.00 price target on Apple and gave the company a “buy” rating in a report on Friday, January 26th. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a report on Thursday, January 18th. Barclays dropped their price target on Apple from $174.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price target on shares of Apple in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $201.57.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated 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 sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.
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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