Callan Capital LLC Purchases New Stake in Apple Inc. (AAPL)

Callan Capital LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,826 shares of the iPhone maker’s stock, valued at approximately $263,000.

Several other large investors have also recently added to or reduced their stakes in the company. Green Square Capital LLC increased its position in Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after acquiring an additional 5,491 shares during the period. YHB Investment Advisors Inc. increased its position in Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after acquiring an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA increased its position in Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after acquiring an additional 779 shares during the period. Carnick & Kubik Group LLC increased its position in Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after acquiring an additional 2,612 shares during the period. Finally, GenTrust LLC increased its position in Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after acquiring an additional 31,259 shares during the period. 59.56% of the stock is currently owned by institutional investors.

AAPL has been the topic of a number of recent research reports. Cleveland Research upgraded shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a research note on Tuesday, August 29th. Drexel Hamilton reiterated a “buy” rating and set a $208.00 price target on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price target (up previously from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Barclays set a $146.00 price target on shares of Apple and gave the stock a “neutral” rating in a research note on Wednesday, September 13th. Finally, Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a research note on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $200.27.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction 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 owned by corporate insiders.

Apple Inc. (NASDAQ AAPL) opened at $169.80 on Tuesday. The stock has a market cap of $871,810.00, a PE ratio of 18.59, a P/E/G ratio of 1.37 and a beta of 1.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52-week low of $108.25 and a 52-week high of $176.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current year.

The business also recently declared 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 annualized dividend and a yield of 1.48%. Apple’s dividend payout ratio (DPR) is 27.42%.

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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