Allen Capital Group LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,644 shares of the iPhone maker’s stock after buying an additional 1,020 shares during the quarter. Apple comprises approximately 1.2% of Allen Capital Group LLC’s holdings, making the stock its 23rd largest holding. Allen Capital Group LLC’s holdings in Apple were worth $3,266,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Delphi Private Advisors LLC bought a new stake in Apple in the second quarter worth $120,000. Quattro Financial Advisors LLC bought a new stake in shares of Apple during the first quarter worth $133,000. CX Institutional bought a new stake in shares of Apple during the second quarter worth $135,000. Spectrum Financial Alliance Ltd LLC bought a new stake in shares of Apple during the first quarter worth $138,000. Finally, Macroview Investment Management LLC lifted its position in shares of Apple by 220.3% during the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after purchasing an additional 619 shares during the last quarter. Institutional investors own 58.44% of the company’s stock.
AAPL opened at $204.47 on Friday. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12. The stock has a market capitalization of $1,001.56 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.46 and a beta of 1.26.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The company had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 13.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 12th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.92 annualized dividend and a yield of 1.43%. Apple’s dividend payout ratio (DPR) is presently 24.52%.
Several analysts have recently weighed in on the company. Atlantic Securities reiterated a “neutral” rating and set a $205.00 target price on shares of Apple in a research report on Wednesday, August 1st. JPMorgan Chase & Co. decreased their target price on Apple from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. Macquarie reiterated a “buy” rating and set a $222.00 target price on shares of Apple in a research report on Monday, November 5th. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, BMO Capital Markets lifted their target price on Apple from $184.00 to $199.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $224.27.
In other Apple news, insider Johny Srouji sold 14,140 shares of Apple stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $214.98, for a total value of $3,039,817.20. Following the transaction, the insider now owns 68,302 shares in the company, valued at $14,683,563.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of Apple stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total value of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares in the company, valued at approximately $24,554,471.08. The disclosure for this sale can be found here. Insiders sold 480,737 shares of company stock worth $107,157,170 in the last quarter. 0.08% of the stock is owned by insiders.
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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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