Peconic Partners LLC maintained its position in Apple Inc. (NASDAQ:AAPL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,050 shares of the iPhone maker’s stock at the end of the first quarter. Peconic Partners LLC’s holdings in Apple were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Portfolio Solutions LLC acquired a new position in Apple in the first quarter valued at $169,000. Fox Run Management L.L.C. acquired a new position in Apple in the first quarter valued at $201,000. Stone House Investment Management LLC acquired a new position in Apple in the first quarter valued at $225,000. Salem Capital Management Inc. acquired a new position in Apple in the first quarter valued at $226,000. Finally, Access Financial Services Inc. acquired a new position in Apple in the fourth quarter valued at $261,000. 60.44% of the stock is owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) traded down 1.63% during midday trading on Friday, reaching $158.63. 28,611,535 shares of the company’s stock were exchanged. Apple Inc. has a 12-month low of $102.53 and a 12-month high of $164.94. The firm has a 50-day moving average price of $157.79 and a 200 day moving average price of $148.59. The company has a market cap of $819.36 billion, a price-to-earnings ratio of 18.01 and a beta of 1.27.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same period in the prior year, the business earned $1.42 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect that Apple Inc. will post $9.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.63 dividend. The ex-dividend date was Thursday, August 10th. This represents a $2.52 annualized dividend and a yield of 1.59%. Apple’s dividend payout ratio (DPR) is presently 28.64%.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. Insiders sold a total of 432,930 shares of company stock valued at $69,008,577 over the last 90 days. Company insiders own 0.08% of the company’s stock.
Several equities analysts recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Apple in a research note on Thursday. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 target price on shares of Apple in a research note on Thursday. Instinet reiterated a “buy” rating and issued a $185.00 target price (up from $175.00) on shares of Apple in a research note on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 target price on shares of Apple in a research note on Wednesday. Finally, Barclays PLC reiterated a “hold” rating and issued a $146.00 target price on shares of Apple in a research note on Monday, September 4th. Eleven equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Apple presently has an average rating of “Buy” and an average price target of $168.89.
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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