New England Investment & Retirement Group Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,675 shares of the iPhone maker’s stock after acquiring an additional 2,719 shares during the quarter. Apple makes up about 1.8% of New England Investment & Retirement Group Inc.’s portfolio, making the stock its 18th biggest holding. New England Investment & Retirement Group Inc.’s holdings in Apple were worth $3,258,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Hawaiian Bank boosted its stake in Apple by 33.5% during the 2nd quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after purchasing an additional 2,510 shares during the last quarter. Roof Advisory Group Inc. boosted its stake in Apple by 44.0% during the 1st quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after purchasing an additional 12,930 shares during the last quarter. Peavine Capital LLC boosted its stake in Apple by 428.7% during the 2nd quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after purchasing an additional 5,650 shares during the last quarter. Nikulski Financial Inc. boosted its stake in Apple by 1.6% during the 1st quarter. Nikulski Financial Inc. now owns 26,051 shares of the iPhone maker’s stock worth $4,371,000 after purchasing an additional 407 shares during the last quarter. Finally, Spectrum Management Group Inc. boosted its stake in Apple by 20.1% during the 1st quarter. Spectrum Management Group Inc. now owns 23,228 shares of the iPhone maker’s stock worth $3,897,000 after purchasing an additional 3,880 shares during the last quarter. 57.65% of the stock is owned by institutional investors.
Shares of NASDAQ:AAPL opened at $172.29 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12. The stock has a market cap of $846.83 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 12th were paid a dividend of $0.73 per share. 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 dividend payout ratio (DPR) is presently 24.52%.
Several equities research analysts have issued reports on AAPL shares. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a research note on Thursday, August 30th. Robert W. Baird set a $230.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Tuesday, September 4th. New Street Research reaffirmed a “sell” rating on shares of Apple in a research note on Tuesday, September 18th. Needham & Company LLC boosted their price target on shares of Apple from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, Citigroup lowered their price target on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twenty-five have given a buy rating to the company’s stock. Apple has an average rating of “Hold” and an average target price of $223.07.
In other Apple news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now directly owns 8,940 shares in the company, valued at $1,698,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the sale, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The disclosure for this sale can be found here. Insiders have sold 470,005 shares of company stock worth $104,764,873 over the last quarter. Insiders own 0.08% of the company’s stock.
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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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