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.
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%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/12/05/callan-capital-llc-purchases-new-stake-in-apple-inc-aapl.html.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
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 MarketBeat.com's FREE daily email newsletter.