Moody Lynn & Lieberson LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 25.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,393 shares of the iPhone maker’s stock after selling 34,963 shares during the quarter. Apple accounts for about 1.9% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 17th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Apple were worth $15,781,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Blue Sky Asset Management LLC bought a new position in shares of Apple during the second quarter worth about $108,000. FNY Managed Accounts LLC grew its holdings in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC bought a new position in shares of Apple during the second quarter worth about $122,000. Armbruster Capital Management Inc. grew its holdings in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC grew its holdings in shares of Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.
A number of research firms recently issued reports on AAPL. BidaskClub upgraded Apple from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “market perform” rating on shares of Apple in a research note on Friday, February 16th. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and raised their price target for the company from $162.00 to $166.00 in a research note on Wednesday, January 31st. Morningstar set a $170.00 price target on Apple and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein set a $195.00 price target on Apple and gave the company a “buy” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $201.64.
Apple Inc. (AAPL) opened at $171.85 on Wednesday. The firm has a market capitalization of $874,912.06, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. Apple Inc. has a fifty-two week low of $135.28 and a fifty-two week high of $180.10.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.36 EPS. equities research analysts anticipate that Apple Inc. will post 11.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.63 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.47%. Apple’s dividend payout ratio is presently 25.90%.
In other Apple news, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders sold a total of 107,011 shares of company stock valued at $18,414,885 over the last ninety days. Insiders own 0.06% of the company’s stock.
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Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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