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.
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.