Pacad Investment Ltd. Invests $1.77 Million in Apple Inc. (AAPL) Stock

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 Inc. (NASDAQ AAPL) opened at $169.64 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 52-week low of $109.16 and a 52-week high of $176.24. The stock has a market capitalization of $871,806.19, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.

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.

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Apple 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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