Chicago Partners Investment Group LLC Boosts Holdings in Apple Inc. (AAPL)

Chicago Partners Investment Group LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 101.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,641 shares of the iPhone maker’s stock after purchasing an additional 16,932 shares during the quarter. Apple comprises about 1.1% of Chicago Partners Investment Group LLC’s holdings, making the stock its 23rd biggest position. Chicago Partners Investment Group LLC’s holdings in Apple were worth $4,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of AAPL. Hefty Wealth Partners grew its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. acquired a new stake in Apple in the first quarter worth $117,000. State of Alaska Department of Revenue acquired a new stake in Apple in the second quarter worth $149,000. D. Scott Neal Inc. grew its holdings in Apple by 19.8% in the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the period. Finally, Advocacy Wealth Management Services LLC grew its holdings in shares of Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.

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In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the transaction, the insider now owns 70,358 shares of the company’s stock, valued at $11,327,638. The disclosure for this sale can be found here. Insiders sold 394,711 shares of company stock valued at $62,660,786 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Shares of Apple Inc. (AAPL) opened at $171.34 on Wednesday. The firm has a market capitalization of $893,216.25, a PE ratio of 18.91, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a fifty-two week low of $106.16 and a fifty-two week high of $176.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. research analysts anticipate that Apple Inc. will post 11.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%. Apple’s dividend payout ratio is presently 27.39%.

A number of research analysts have recently issued reports on the stock. UBS AG set a $190.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Tuesday. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $178.35 price objective for the company in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $160.08 price objective (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Argus lifted their price objective on shares of Apple from $185.00 to $210.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, Wells Fargo & Company assumed coverage on shares of Apple in a report on Tuesday. They set a “market perform” rating for the company. Six investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $199.29.

Apple Profile

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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