Ambassador Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,012 shares of the iPhone maker’s stock after buying an additional 1,696 shares during the period. Apple comprises approximately 1.1% of Ambassador Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Ambassador Advisors LLC’s holdings in Apple were worth $4,701,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Robinson Value Management Ltd. acquired a new position in Apple in the 3rd quarter worth approximately $28,000. Hanseatic Management Services Inc. lifted its position in Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after buying an additional 107 shares in the last quarter. Bluestem Financial Advisors LLC raised its holdings in shares of Apple by 5,935.2% during the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Apple during the 2nd quarter valued at $55,000. 57.60% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on AAPL shares. JPMorgan Chase & Co. set a $175.00 target price on shares of Apple in a research note on Wednesday, March 1st. Raymond James decreased their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. UBS Group set a $180.00 price target on shares of Apple in a research report on Tuesday, March 7th. Morgan Stanley lifted their target price on shares of Apple from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $168.24.
Apple Price Performance
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). The company had revenue of $117.15 billion during the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. Apple’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $2.10 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 6.04 earnings per share for the current year.
Apple Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were issued a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, February 10th. Apple’s payout ratio is 15.62%.
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties 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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