Bonness Enterprises Inc. maintained its position in Apple Inc. (NASDAQ:AAPL) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,735 shares of the iPhone maker’s stock at the end of the third quarter. Apple makes up about 1.4% of Bonness Enterprises Inc.’s portfolio, making the stock its 27th largest position. Bonness Enterprises Inc.’s holdings in Apple were worth $1,666,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Acrospire Investment Management LLC purchased a new position in shares of Apple during the first quarter valued at about $240,000. Baker Ellis Asset Management LLC boosted its position in shares of Apple by 3.2% in the first quarter. Baker Ellis Asset Management LLC now owns 15,898 shares of the iPhone maker’s stock valued at $1,733,000 after buying an additional 488 shares during the period. Hutchinson Capital Management CA purchased a new position in shares of Apple during the first quarter valued at about $229,000. Botty Investors LLC boosted its position in shares of Apple by 155.4% in the first quarter. Botty Investors LLC now owns 36,650 shares of the iPhone maker’s stock valued at $3,994,000 after buying an additional 22,300 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Apple by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 130,899 shares of the iPhone maker’s stock valued at $14,267,000 after buying an additional 7,870 shares during the period. 57.11% of the stock is currently owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) traded down 0.20% on Monday, hitting $111.57. 27,193,983 shares of the stock traded hands. The stock has a market capitalization of $594.93 billion, a P/E ratio of 13.43 and a beta of 1.34. The company’s 50 day moving average price is $112.99 and its 200-day moving average price is $105.64. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $119.86.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Apple had a net margin of 21.19% and a return on equity of 35.59%. The firm had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The company’s revenue was down 9.0% on a year-over-year basis. Analysts predict that Apple Inc. will post $9.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued 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 of this dividend was Thursday, November 3rd. Apple’s dividend payout ratio is currently 27.57%.
AAPL has been the subject of a number of analyst reports. Drexel Hamilton restated a “buy” rating and set a $185.00 target price on shares of Apple in a report on Wednesday, September 14th. Piper Jaffray Cos. upgraded Apple to an “overweight” rating and set a $151.00 target price for the company in a report on Friday, September 16th. Morgan Stanley restated an “overweight” rating and set a $124.00 target price on shares of Apple in a report on Friday, October 14th. Goldman Sachs Group Inc. restated a “buy” rating and set a $124.00 target price on shares of Apple in a report on Monday, October 24th. Finally, Raymond James Financial Inc. restated an “outperform” rating on shares of Apple in a report on Sunday, October 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $128.29.
In other Apple news, insider Philip W. Schiller sold 43,769 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $115.07, for a total transaction of $5,036,498.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 12,055 shares in the company, valued at $1,326,411.65. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
Apple Company Profile
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.