EagleClaw Capital Managment LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,780 shares of the iPhone maker’s stock after selling 2,075 shares during the quarter. Apple makes up 5.0% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its largest holding. EagleClaw Capital Managment LLC’s holdings in Apple were worth $9,865,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Apple in the 1st quarter valued at $830,026,000. SG Americas Securities LLC grew its stake in Apple by 1,527.6% in the 1st quarter. SG Americas Securities LLC now owns 2,652,244 shares of the iPhone maker’s stock valued at $444,993,000 after purchasing an additional 2,489,285 shares during the period. Mackay Shields LLC bought a new position in Apple in the 1st quarter valued at $332,905,000. Harvard Management Co. Inc. bought a new position in Apple in the 1st quarter valued at $283,972,000. Finally, Mackenzie Financial Corp grew its stake in Apple by 270.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,995,595 shares of the iPhone maker’s stock valued at $337,715,000 after purchasing an additional 1,457,017 shares during the period. 58.62% of the stock is owned by institutional investors and hedge funds.
In other Apple news, COO Jeffrey E. Williams sold 15,652 shares of the firm’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $190.18, for a total value of $2,976,697.36. Following the completion of the transaction, the chief operating officer now owns 125,258 shares in the company, valued at approximately $23,821,566.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $206.58, for a total value of $4,131,600.00. Following the completion of the transaction, the director now owns 1,153,283 shares of the company’s stock, valued at approximately $238,245,202.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 378,400 shares of company stock valued at $81,052,754. 0.08% of the stock is owned by corporate insiders.
Shares of NASDAQ AAPL opened at $226.41 on Friday. Apple Inc. has a 52 week low of $149.16 and a 52 week high of $229.67. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1,100.25 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.97 and a beta of 1.33.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, topping the consensus estimate of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The business had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. equities analysts forecast that Apple Inc. will post 11.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Monday, August 13th were paid a $0.73 dividend. The ex-dividend date was Friday, August 10th. This represents a $2.92 annualized dividend and a yield of 1.29%. Apple’s dividend payout ratio is currently 31.70%.
A number of research analysts have issued reports on the company. BMO Capital Markets upgraded Apple to a “market perform” rating and set a $199.00 price objective for the company in a research note on Thursday. Deutsche Bank upped their price objective on Apple to $205.00 and gave the company a “hold” rating in a research note on Thursday. Sanford C. Bernstein set a $200.00 price objective on Apple and gave the company a “neutral” rating in a research note on Thursday. Goldman Sachs Group set a $240.00 price objective on Apple and gave the company a “neutral” rating in a research note on Thursday. Finally, Oppenheimer restated a “neutral” rating on shares of Apple in a research note on Thursday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-nine have given a buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus price target of $214.40.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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