Crane Advisory LLC bought a new stake in Apple Inc. (NASDAQ:AAPL – Get Rating) in the third quarter, Holdings Channel.com reports. The firm bought 8,423 shares of the iPhone maker’s stock, valued at approximately $1,171,000. Apple makes up about 0.6% of Crane Advisory LLC’s holdings, making the stock its 14th biggest position.
A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc increased its position in Apple by 8.2% during the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Vanguard Group Inc. increased its position in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. Swiss National Bank increased its position in Apple by 13.1% during the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, Verity Asset Management Inc. increased its position in Apple by 29,097.9% during the first quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock worth $189,000 after purchasing an additional 5,282,726 shares during the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AAPL has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. KeyCorp reiterated a “buy” rating and set a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $189.00 to $160.00 in a research note on Friday, September 30th. Finally, BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Tuesday, January 3rd. Two investment analysts have 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 company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $166.73.
Insider Buying and Selling at Apple
Apple Stock Performance
Shares of Apple stock opened at $137.87 on Friday. The firm’s fifty day simple moving average is $138.72 and its 200-day simple moving average is $148.14. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. As a group, equities analysts forecast that Apple Inc. will post 6.19 earnings per share for the current year.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.67%. Apple’s dividend payout ratio is currently 15.06%.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.