Rockefeller Capital Management L.P. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,067 shares of the iPhone maker’s stock after buying an additional 1,059 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Apple were worth $13,710,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Delphi Private Advisors LLC purchased a new stake in Apple in the second quarter valued at $120,000. Quattro Financial Advisors LLC purchased a new stake in Apple in the first quarter valued at $133,000. CX Institutional purchased a new stake in Apple in the second quarter valued at $135,000. Spectrum Financial Alliance Ltd LLC purchased a new stake in Apple in the first quarter valued at $138,000. Finally, Macroview Investment Management LLC boosted its holdings in Apple by 220.3% in the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock valued at $151,000 after purchasing an additional 619 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on AAPL shares. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a report on Thursday, August 30th. Robert W. Baird set a $230.00 price target on shares of Apple and gave the company a “buy” rating in a report on Tuesday, September 4th. New Street Research reaffirmed a “sell” rating on shares of Apple in a report on Tuesday, September 18th. Needham & Company LLC upped their price objective on shares of Apple from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. Finally, Citigroup decreased their price objective on shares of Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $223.07.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. Apple’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 EPS. On average, sell-side analysts expect that Apple Inc. will post 13.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 12th were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.69%. Apple’s payout ratio is 24.52%.
In other Apple news, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total value of $5,816,500.00. Following the completion of the sale, the senior vice president now owns 105,538 shares in the company, valued at approximately $24,554,471.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $217.79, for a total transaction of $57,749,196.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 470,005 shares of company stock valued at $104,764,873. 0.08% of the stock is owned by insiders.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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