Todays Report: Today, Acropolis Investment Management LLC Buys 12 Shares of Apple Inc. (AAPL)

Today, Acropolis Investment Management LLC Buys 12 Shares of Apple Inc. (AAPL)

Acropolis Investment Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 19,030 shares of the iPhone maker’s stock after buying an additional 12 shares during the period. Acropolis Investment Management LLC’s holdings in Apple were worth $2,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Vanguard Group Inc. raised its stake in Apple by 0.4% in the second quarter. Vanguard Group Inc. now owns 331,395,817 shares of the iPhone maker’s stock valued at $31,681,440,000 after buying an additional 1,408,642 shares in the last quarter. BlackRock Group LTD raised its stake in Apple by 1.6% in the second quarter. BlackRock Group LTD now owns 48,083,386 shares of the iPhone maker’s stock valued at $4,596,772,000 after buying an additional 759,339 shares in the last quarter. Legal & General Group Plc raised its stake in Apple by 2.6% in the second quarter. Legal & General Group Plc now owns 24,474,691 shares of the iPhone maker’s stock valued at $2,339,700,000 after buying an additional 625,760 shares in the last quarter. Cohen & Steers Inc. raised its stake in Apple by 6,771.0% in the second quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock valued at $999,482,000 after buying an additional 22,303,795 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Apple by 20.2% in the second quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker’s stock valued at $1,627,849,000 after buying an additional 2,857,040 shares in the last quarter. 56.81% of the stock is owned by institutional investors.

Apple Inc. (NASDAQ:AAPL) traded up 0.50% on Friday, hitting $111.79. 11,475,922 shares of the stock traded hands. The firm’s 50-day moving average price is $113.06 and its 200-day moving average price is $105.31. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $119.86. The stock has a market cap of $596.10 billion, a price-to-earnings ratio of 13.45 and a beta of 1.34.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.66 by $0.01. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post $9.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a $0.57 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.04%. Apple’s dividend payout ratio is presently 27.57%.

A number of brokerages recently issued reports on AAPL. Credit Suisse Group AG reissued an “outperform” rating and set a $150.00 price target on shares of Apple in a research report on Thursday, September 15th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $124.00 price target on shares of Apple in a research report on Wednesday, October 12th. Citigroup Inc. increased their price target on Apple from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 30th. Vetr downgraded Apple from a “hold” rating to a “sell” rating and set a $105.47 price target on the stock. in a research report on Monday, August 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $125.00 price target on shares of Apple in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $128.29.

In related news, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total value of $11,654,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 49,883 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $106.19, for a total transaction of $5,297,075.77. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

About Apple

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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