Apple Inc. (AAPL) Shares Sold by Front Barnett Associates LLC
Front Barnett Associates LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 287,643 shares of the iPhone maker’s stock after selling 2,770 shares during the period. Apple makes up 7.6% of Front Barnett Associates LLC’s holdings, making the stock its largest position. Front Barnett Associates LLC’s holdings in Apple were worth $41,426,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AAPL. Blue Sky Asset Management LLC acquired a new stake in Apple during the second quarter worth about $108,000. Hefty Wealth Partners grew its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the period. American Beacon Advisors Inc. acquired a new stake in Apple during the first quarter worth about $117,000. Private Vista LLC acquired a new stake in Apple during the second quarter worth about $122,000. Finally, Armbruster Capital Management Inc. grew its holdings in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the period. 59.56% of the stock is currently owned by institutional investors and hedge funds.
In other Apple news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,326 shares of company stock worth $35,290,561. 0.08% of the stock is currently owned by company insiders.
Apple Inc. (AAPL) opened at $169.64 on Wednesday. Apple Inc. has a 1 year low of $109.16 and a 1 year high of $176.24. The company has a market capitalization of $871,806.19, a P/E ratio of 18.46, a P/E/G ratio of 1.36 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter last year, the business posted $1.50 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. analysts forecast that Apple Inc. will post 11.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. Apple’s payout ratio is 27.39%.
Several analysts have commented on AAPL shares. Barclays reissued a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company reissued a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Royal Bank Of Canada raised their price objective on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 1st. UBS reissued a “buy” rating and issued a $180.00 price objective on shares of Apple in a report on Tuesday, August 29th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $190.00 price objective on shares of Apple in a report on Tuesday, September 5th. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $200.27.
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.