Hochman Cole Investment Advisors Inc. grew its holdings in Apple Inc. (NASDAQ:AAPL) by 7.6% during the third quarter, Holdings Channel reports. The fund owned 11,215 shares of the iPhone maker’s stock after purchasing an additional 793 shares during the period. Apple accounts for about 1.1% of Hochman Cole Investment Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Hochman Cole Investment Advisors Inc.’s holdings in Apple were worth $1,729,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eidelman Virant Capital boosted its position in shares of Apple by 396.7% in the 2nd quarter. Eidelman Virant Capital now owns 23,264 shares of the iPhone maker’s stock valued at $3,350,000 after purchasing an additional 18,580 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Apple by 1.0% in the 2nd quarter. First Heartland Consultants Inc. now owns 67,080 shares of the iPhone maker’s stock valued at $9,661,000 after purchasing an additional 654 shares during the period. Alexandria Capital LLC boosted its position in shares of Apple by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 80,046 shares of the iPhone maker’s stock valued at $11,528,000 after purchasing an additional 213 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Apple in the 2nd quarter valued at about $1,022,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Apple by 7.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 6,370 shares of the iPhone maker’s stock valued at $917,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 59.70% of the company’s stock.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was 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 owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold 107,011 shares of company stock valued at $18,414,885 in the last three months. 0.08% of the stock is currently owned by company insiders.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.36 earnings per share. sell-side analysts forecast that Apple Inc. will post 11.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 25.90%.
A number of analysts recently issued reports on the company. BidaskClub cut Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BMO Capital Markets cut Apple from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $162.00 to $166.00 in a research report on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Apple in a research report on Friday, February 2nd. Bank of America reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Apple in a research report on Thursday, February 8th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $171.48 price objective for the company. in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. Apple currently has an average rating of “Buy” and an average price target of $201.64.
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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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