Pacad Investment Ltd. bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,260 shares of the iPhone maker’s stock, valued at approximately $1,766,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Green Square Capital LLC lifted its holdings in Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after buying an additional 5,491 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after buying an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA lifted its holdings in Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after buying an additional 779 shares during the last quarter. Carnick & Kubik Group LLC lifted its holdings in Apple by 14.4% during the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after buying an additional 2,612 shares during the last quarter. Finally, GenTrust LLC lifted its holdings in Apple by 1,022.9% during the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after buying an additional 31,259 shares during the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on AAPL shares. Oppenheimer reaffirmed a “” rating on shares of Apple in a report on Thursday, August 10th. Longbow Research reissued a “buy” rating and issued a $173.00 target price on shares of Apple in a report on Friday, August 11th. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $165.48 target price for the company in a report on Thursday, August 10th. Drexel Hamilton reissued a “buy” rating and issued a $208.00 target price on shares of Apple in a report on Wednesday, August 9th. Finally, UBS reissued a “buy” rating on shares of Apple in a report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $200.27.
Apple (NASDAQ:AAPL) last released its 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. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts forecast that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, November 10th. Apple’s payout ratio is 27.39%.
In other Apple news, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at approximately $14,246,900.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was 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. Insiders have sold a total of 217,326 shares of company stock worth $35,290,561 in the last quarter. 0.08% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION NOTICE: “Pacad Investment Ltd. Invests $1.77 Million in Apple Inc. (AAPL) Stock” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/12/06/pacad-investment-ltd-invests-1-77-million-in-apple-inc-aapl-stock.html.
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 MarketBeat.com's FREE daily email newsletter.