Telemus Capital LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 113,237 shares of the iPhone maker’s stock after buying an additional 857 shares during the period. Apple comprises 1.4% of Telemus Capital LLC’s holdings, making the stock its 9th largest position. Telemus Capital LLC’s holdings in Apple were worth $12,801,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Penserra Capital Management LLC increased its position in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC increased its position in Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Apple during the second quarter valued at $143,000. Roble Belko & Company Inc increased its position in Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 680 shares during the period. Finally, Smith Affiliated Capital Corp. increased its position in Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock valued at $185,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 56.81% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) traded up 0.50% on Friday, hitting $111.79. The stock had a trading volume of 11,475,922 shares. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $119.86. The stock has a 50 day moving average price of $113.06 and a 200 day moving average price of $105.31. The company has a market cap of $596.10 billion, a P/E ratio of 13.45 and a beta of 1.34.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The business earned $46.85 billion during the quarter, compared to analyst estimates of $46.88 billion. Apple had a return on equity of 35.59% and a net margin of 21.19%. Apple’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.96 EPS. On average, equities research analysts expect that Apple Inc. will post $9.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, November 3rd. Apple’s payout ratio is 27.57%.
A number of equities research analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $140.00 price target (up from $116.00) on shares of Apple in a report on Monday, September 19th. OTR Global upgraded shares of Apple to a “positive” rating in a report on Wednesday, October 12th. Cowen and Company lifted their price target on shares of Apple from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, October 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $107.00 price target on shares of Apple in a report on Wednesday, October 26th. Finally, BTIG Research lifted their price target on shares of Apple from $124.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $128.29.
In other Apple news, CFO Luca Maestri sold 16,950 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $110.03, for a total transaction of $1,865,008.50. Following the completion of the transaction, the chief financial officer now owns 12,055 shares of the company’s stock, valued at approximately $1,326,411.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 43,769 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $115.07, for a total value of $5,036,498.83. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
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.