Buffington Mohr McNeal grew its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,269 shares of the iPhone maker’s stock after purchasing an additional 152 shares during the quarter. Buffington Mohr McNeal’s holdings in Apple were worth $4,849,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $27,000. Milestone Resources Group Ltd raised its position in shares of Apple by 57.7% during the 2nd quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock valued at $30,000 after buying an additional 79 shares during the period. Navigation Wealth Management Inc. raised its position in shares of Apple by 21.3% during the 3rd quarter. Navigation Wealth Management Inc. now owns 478 shares of the iPhone maker’s stock valued at $68,000 after buying an additional 84 shares during the period. Kessler Investment Group LLC raised its position in shares of Apple by 585.7% during the 2nd quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock valued at $79,000 after buying an additional 492 shares during the period. Finally, Cordant Inc. raised its position in shares of Apple by 60.0% during the 2nd quarter. Cordant Inc. now owns 805 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 302 shares during the period. 56.40% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Deirdre O’brien sold 89,437 shares of the business’s stock in a transaction on Monday, October 4th. The shares were sold at an average price of $138.83, for a total value of $12,416,538.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 9,005 shares of the business’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,350,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 473,347 shares of company stock valued at $67,822,283. Insiders own 0.06% of the company’s stock.
Apple (NASDAQ:AAPL) last issued its earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The firm had revenue of $83.40 billion during the quarter, compared to the consensus estimate of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that Apple Inc. will post 5.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Investors of record on Monday, November 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.54%. Apple’s payout ratio is currently 15.66%.
Several research firms have recently commented on AAPL. Bank of America set a $160.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Wednesday, October 13th. Credit Suisse Group began coverage on Apple in a research report on Friday, October 29th. They issued a “neutral” rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Apple from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Wedbush reissued a “buy” rating and issued a $185.00 target price on shares of Apple in a research report on Friday, September 3rd. Finally, Morgan Stanley cut their target price on Apple from $168.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Buy” and a consensus price target of $165.56.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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