Todays Report: Today, Apple Inc. (AAPL) Stake Decreased by Franklin Street Advisors Inc. NC

Today, Apple Inc. (AAPL) Stake Decreased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC decreased its position in Apple Inc. (NASDAQ:AAPL) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 210,859 shares of the iPhone maker’s stock after selling 7,464 shares during the period. Apple accounts for 4.3% of Franklin Street Advisors Inc. NC’s holdings, making the stock its largest position. Franklin Street Advisors Inc. NC’s holdings in Apple were worth $23,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AAPL. CLS Investments LLC boosted its stake in Apple by 58.1% in the first quarter. CLS Investments LLC now owns 12,939 shares of the iPhone maker’s stock worth $1,410,000 after buying an additional 4,757 shares in the last quarter. Allegis Investment Advisors LLC boosted its stake in Apple by 29.3% in the first quarter. Allegis Investment Advisors LLC now owns 41,096 shares of the iPhone maker’s stock worth $4,479,000 after buying an additional 9,311 shares in the last quarter. Algert Global LLC boosted its stake in Apple by 22.5% in the first quarter. Algert Global LLC now owns 23,296 shares of the iPhone maker’s stock worth $2,539,000 after buying an additional 4,286 shares in the last quarter. NF Trinity Capital Hong Kong Ltd boosted its stake in Apple by 10.3% in the first quarter. NF Trinity Capital Hong Kong Ltd now owns 523,597 shares of the iPhone maker’s stock worth $57,067,000 after buying an additional 49,000 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Apple during the first quarter worth approximately $501,000. Hedge funds and other institutional investors own 56.81% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.50% during midday trading on Friday, hitting $111.79. The company had a trading volume of 11,475,922 shares. The company’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 company has a market capitalization of $596.10 billion, a price-to-earnings ratio of 13.45 and a beta of 1.34.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The firm earned $46.85 billion during the quarter, compared to analyst estimates of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities research analysts predict that Apple Inc. will post $9.04 earnings per share for the current fiscal year.

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

A number of brokerages have issued reports on AAPL. Vetr lowered Apple from a “hold” rating to a “sell” rating and set a $102.79 price target on the stock. in a research note on Tuesday, August 2nd. Drexel Hamilton reissued a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Wednesday, August 3rd. Wells Fargo & Co. reissued an “outperform” rating and issued a $120.00 price target on shares of Apple in a research note on Wednesday, August 3rd. RBC Capital Markets reissued an “outperform” rating and issued a $115.00 price target on shares of Apple in a research note on Friday, August 5th. Finally, Royal Bank Of Canada raised their price target on Apple from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $128.29.

In other Apple news, CEO Timothy D. Cook sold 110,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Riccio sold 49,996 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total transaction of $5,297,076.20. Following the completion of the sale, the senior vice president now owns 67,143 shares of the company’s stock, valued at approximately $7,113,800.85. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company 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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