1 week Ago By Defense World Staff
UG Investment Advisers Ltd. lifted its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 14.
9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,030 shares of the iPhone maker’s stock after buying an additional 29,870 shares during the quarter. Apple makes up 20.
1% of UG Investment Advisers Ltd.’s investment portfolio, making the stock its 2nd largest position. UG Investment Advisers Ltd.
’s holdings in Apple were worth $53,597,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. International Assets Investment Management LLC increased its position in Apple by 20,372.
7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Apple by 14,145.
8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after acquiring an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in Apple by 22,870.
6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after purchasing an additional 5,566,250 shares during the period. William Blair Investment Management LLC acquired a new stake in Apple in the 2nd quarter valued at $834,368,000.
Finally, Ameriprise Financial Inc. raised its position in Apple by 6.7% in the second quarter.
Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after purchasing an additional 3,245,281 shares during the period. 67.
73% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades AAPL has been the topic of several analyst reports. Rosenblatt Securities raised their target price on Apple from $261.
00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $250.
00 target price on shares of Apple in a research report on Tuesday, October 1st. Barclays cut their price target on shares of Apple from $186.00 to $184.
00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein increased their target price on Apple from $240.
00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Evercore ISI reiterated a “buy” rating and issued a $250.
00 price target on shares of Apple in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.
03. Apple Price Performance NASDAQ AAPL opened at $243.36 on Friday.
The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.
51. Apple Inc. has a 1 year low of $164.
07 and a 1 year high of $260.10. The company has a market cap of $3.
68 trillion, a PE ratio of 40.03, a PEG ratio of 2.41 and a beta of 1.
20. The stock’s 50-day moving average price is $238.68 and its two-hundred day moving average price is $228.
69. Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.
64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04.
Apple had a net margin of 23.97% and a return on equity of 152.94%.
The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion.
During the same quarter in the previous year, the business earned $1.46 earnings per share. The firm’s revenue was up 6.
1% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 7.
43 EPS for the current year. Apple Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 0.
41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.
45%. Insiders Place Their Bets In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th.
The stock was sold at an average price of $249.97, for a total value of $24,997,000.00.
Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.
41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th.
The stock was sold at an average price of $228.87, for a total value of $945,233.10.
Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.
13 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Corporate insiders own 0.
06% of the company’s stock. Apple Company Profile ( Free Report ) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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