Homrich & Berg lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,811 shares of the iPhone maker’s stock after selling 10,471 shares during the quarter. Apple accounts for about 1.0% of Homrich & Berg’s investment portfolio, making the stock its 10th biggest holding. Homrich & Berg’s holdings in Apple were worth $14,404,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of AAPL. First Hawaiian Bank increased its position in Apple by 33.5% during the second quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock valued at $1,854,000 after acquiring an additional 2,510 shares during the last quarter. Roof Advisory Group Inc. increased its position in Apple by 44.0% during the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock valued at $7,101,000 after acquiring an additional 12,930 shares during the last quarter. Peavine Capital LLC increased its position in Apple by 428.7% during the second quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock valued at $1,290,000 after acquiring an additional 5,650 shares during the last quarter. Nikulski Financial Inc. increased its position in Apple by 1.6% during the first quarter. Nikulski Financial Inc. now owns 26,051 shares of the iPhone maker’s stock valued at $4,371,000 after acquiring an additional 407 shares during the last quarter. Finally, Wechter Feldman Wealth Management Inc. increased its position in Apple by 29.1% during the second quarter. Wechter Feldman Wealth Management Inc. now owns 2,918 shares of the iPhone maker’s stock valued at $540,000 after acquiring an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 57.14% of the company’s stock.
NASDAQ AAPL opened at $176.69 on Thursday. The stock has a market capitalization of $868.46 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $62.90 billion during 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 business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 earnings per share. Equities research analysts predict that Apple Inc. will post 13.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 12th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, November 8th. Apple’s dividend payout ratio (DPR) is 24.52%.
A number of analysts recently commented on the company. Morgan Stanley reiterated a “buy” rating and set a $232.00 price objective on shares of Apple in a research report on Wednesday, August 22nd. Macquarie set a $214.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, August 15th. S&P Equity Research upped their price objective on Apple to $250.00 and gave the company an “in-line” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. UBS Group assumed coverage on Apple in a research report on Wednesday, September 12th. Finally, Nomura reiterated a “neutral” rating and set a $185.00 price objective on shares of Apple in a research report on Monday, November 5th. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $220.55.
In other news, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total value of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares of the company’s stock, valued at $24,554,471.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Luca Maestri sold 100,245 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $228.56, for a total value of $22,911,997.20. Following the completion of the transaction, the insider now directly owns 91,665 shares of the company’s stock, valued at approximately $20,950,952.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,845 shares of company stock valued at $47,015,677. Corporate insiders own 0.08% of the company’s stock.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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