Richard Bernstein Advisors LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,761 shares of the iPhone maker’s stock after selling 610 shares during the period. Apple comprises approximately 1.2% of Richard Bernstein Advisors LLC’s holdings, making the stock its 13th biggest position. Richard Bernstein Advisors LLC’s holdings in Apple were worth $38,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. First Hawaiian Bank grew its holdings in Apple by 33.5% during the 2nd quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after acquiring an additional 2,510 shares in the last quarter. Roof Advisory Group Inc. grew its holdings in Apple by 44.0% during the 1st quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after acquiring an additional 12,930 shares in the last quarter. Peavine Capital LLC grew its holdings in Apple by 428.7% during the 2nd quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after acquiring an additional 5,650 shares in the last quarter. Nikulski Financial Inc. grew its holdings in Apple by 1.6% during the 1st quarter. Nikulski Financial Inc. now owns 26,051 shares of the iPhone maker’s stock worth $4,371,000 after acquiring an additional 407 shares in the last quarter. Finally, Wechter Feldman Wealth Management Inc. grew its holdings in Apple by 29.1% during the 2nd quarter. Wechter Feldman Wealth Management Inc. now owns 2,918 shares of the iPhone maker’s stock worth $540,000 after acquiring an additional 657 shares in the last quarter. 57.14% of the stock is owned by institutional investors.
In other Apple news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now directly owns 8,940 shares in the company, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luca Maestri sold 100,245 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $228.56, for a total transaction of $22,911,997.20. Following the sale, the insider now owns 91,665 shares in the company, valued at $20,950,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 204,845 shares of company stock worth $47,015,677 over the last 90 days. 0.08% of the stock is owned by insiders.
Several brokerages have weighed in on AAPL. Morgan Stanley reissued a “buy” rating and set a $232.00 price objective on shares of Apple in a report on Wednesday, August 22nd. Macquarie set a $214.00 price target on shares of Apple and gave the company a “buy” rating in a report on Wednesday, August 15th. S&P Equity Research lifted their price target on shares of Apple to $250.00 and gave the company an “in-line” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. UBS Group started coverage on shares of Apple in a report on Wednesday, September 12th. Finally, Nomura reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Apple in a report on Monday, November 5th. Four investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $219.95.
Apple stock opened at $168.49 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.87. The stock has a market cap of $858.77 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.26 and a beta of 1.20. Apple Inc. has a 52-week low of $150.24 and a 52-week high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company had revenue of $62.90 billion for the quarter, compared to the consensus estimate of $61.55 billion. During the same period in the previous year, the firm earned $2.07 EPS. Apple’s revenue was up 19.6% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 13.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 12th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.73%. Apple’s dividend payout ratio (DPR) is 24.52%.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
Featured Article: Risk Tolerance and Your Investment Decisions
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.