Anchor Capital Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 156,301 shares of the iPhone maker’s stock after selling 4,420 shares during the period. Anchor Capital Advisors LLC’s holdings in Apple were worth $24,089,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc. raised its stake in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the period. Capital Research Global Investors raised its stake in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Legal & General Group Plc raised its stake in shares of Apple by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after acquiring an additional 771,046 shares during the period. Janus Henderson Group PLC increased its stake in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after buying an additional 15,018,790 shares during the period. Finally, Swiss National Bank increased its stake in Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after buying an additional 79,100 shares during the period. Institutional investors own 60.18% of the company’s stock.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold a total of 112,771 shares of company stock valued at $19,419,429 over the last three months. 0.08% of the stock is currently owned by company insiders.
Apple Inc. (NASDAQ AAPL) opened at $172.43 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $874,910.00, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. Apple Inc. has a one year low of $135.10 and a one year high of $180.10.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. Apple’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.36 EPS. equities research analysts predict that Apple Inc. will post 11.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 24.66%.
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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