Chicago Capital LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 46.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,984 shares of the iPhone maker’s stock after purchasing an additional 38,320 shares during the period. Apple makes up 1.8% of Chicago Capital LLC’s portfolio, making the stock its 27th biggest position. Chicago Capital LLC’s holdings in Apple were worth $22,210,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AAPL. Summit Trail Advisors LLC lifted its holdings in shares of Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after purchasing an additional 20,067,124 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Apple in the 1st quarter valued at approximately $830,026,000. SG Americas Securities LLC raised its position in Apple by 1,527.6% in the 1st quarter. SG Americas Securities LLC now owns 2,652,244 shares of the iPhone maker’s stock valued at $444,993,000 after buying an additional 2,489,285 shares during the last quarter. Mackay Shields LLC acquired a new stake in Apple in the 1st quarter valued at approximately $332,905,000. Finally, Harvard Management Co. Inc. acquired a new stake in Apple in the 1st quarter valued at approximately $283,972,000. Institutional investors and hedge funds own 58.44% of the company’s stock.
Shares of AAPL stock traded down $4.02 on Friday, hitting $204.47. The company had a trading volume of 34,317,659 shares, compared to its average volume of 41,482,956. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1,031.93 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.51 and a beta of 1.26.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 EPS. Sell-side analysts forecast that Apple Inc. will post 13.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 12th will be issued a $0.73 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.43%. Apple’s dividend payout ratio is presently 24.52%.
In related news, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at $24,554,471.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The disclosure for this sale can be found here. Insiders sold 480,737 shares of company stock worth $107,157,170 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.
AAPL has been the topic of a number of recent research reports. New Street Research lowered Apple from a “neutral” rating to a “sell” rating in a research report on Monday, August 20th. Bank of America boosted their price target on Apple from $250.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Morgan Stanley boosted their price target on Apple from $245.00 to $247.00 and gave the stock an “overweight” rating in a research report on Thursday, September 13th. Macquarie set a $214.00 price target on Apple and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Oppenheimer reissued a “neutral” rating on shares of Apple in a report on Monday, October 1st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $224.27.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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