Bridgecreek Investment Management LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,284 shares of the iPhone maker’s stock after selling 6,025 shares during the period. Apple accounts for approximately 3.7% of Bridgecreek Investment Management LLC’s investment portfolio, making the stock its biggest holding. Bridgecreek Investment Management LLC’s holdings in Apple were worth $13,606,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Sky Asset Management LLC acquired a new position in Apple during the 2nd quarter valued at about $108,000. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% during the 2nd 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 2nd quarter worth approximately $122,000. Armbruster Capital Management Inc. lifted its position in shares of Apple by 9.4% during the 2nd 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 lifted its position in shares of Apple by 100.0% during the 3rd 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 own 60.41% of the company’s stock.
Several equities analysts have commented on the stock. BidaskClub cut shares of Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Bank of America reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Apple in a report on Thursday, February 8th. Finally, Longbow Research cut shares of Apple from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $201.57.
Apple Inc. (NASDAQ:AAPL) traded down $1.55 during midday trading on Wednesday, reaching $175.12. 4,063,092 shares of the company’s stock traded hands, compared to its average volume of 38,397,770. The stock has a market capitalization of $896,430.00, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple Inc. has a twelve month low of $137.05 and a twelve month high of $180.62.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.36 earnings per share. equities analysts expect that Apple Inc. will post 11.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 24.66%.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
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.