Lenox Wealth Advisors Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,009 shares of the iPhone maker’s stock after buying an additional 100 shares during the period. Apple makes up 0.5% of Lenox Wealth Advisors Inc.’s portfolio, making the stock its 13th largest position. Lenox Wealth Advisors Inc.’s holdings in Apple were worth $1,810,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC raised its stake in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares in the last quarter. Delphi Private Advisors LLC raised its stake 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 in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Apple during the second quarter valued at about $143,000. Roble Belko & Company Inc raised its stake 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 in the last quarter. Finally, Smith Affiliated Capital Corp. raised its stake 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 in the last quarter. 56.81% of the stock is owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) traded up 0.50% during trading on Friday, reaching $111.79. 11,475,922 shares of the company’s stock traded hands. Apple Inc. has a one year low of $89.47 and a one year high of $119.86. The stock has a market cap of $596.10 billion, a P/E ratio of 13.45 and a beta of 1.34. The firm’s 50 day moving average price is $113.06 and its 200-day moving average price is $105.31.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.01. The business earned $46.85 billion during the quarter, compared to the consensus estimate of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, equities analysts anticipate that Apple Inc. will post $9.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a $0.57 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.04%. Apple’s payout ratio is 27.57%.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group AG reiterated an “outperform” rating and set a $150.00 target price on shares of Apple in a research note on Thursday, September 15th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $124.00 target price on shares of Apple in a research note on Wednesday, October 12th. Citigroup Inc. increased their target price on Apple from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Vetr lowered Apple from a “hold” rating to a “sell” rating and set a $105.47 target price on the stock. in a research note on Monday, August 15th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $125.00 price objective on shares of Apple in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $128.29.
In other news, CEO Timothy D. Cook sold 110,000 shares of Apple stock in a transaction on 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of Apple stock in a transaction on Monday, November 7th. The shares were 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 directly owns 12,055 shares in the company, valued at $1,326,411.65. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by 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.