Providence First Trust Co grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,888 shares of the iPhone maker’s stock after purchasing an additional 421 shares during the quarter. Apple accounts for 2.6% of Providence First Trust Co’s investment portfolio, making the stock its 5th biggest position. Providence First Trust Co’s holdings in Apple were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the business. Berkshire Hathaway Inc. grew its holdings in shares of Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after purchasing an additional 834,854 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after purchasing an additional 771,046 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Apple by 0.4% during the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after purchasing an additional 79,100 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Mizuho reissued a “neutral” rating and issued a $175.00 price objective (up from $160.00) on shares of Apple in a report on Friday, January 19th. Barclays set a $174.00 price objective on Apple and gave the stock a “neutral” rating in a report on Thursday, January 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $184.49 price objective for the company. in a report on Tuesday, February 27th. Finally, Bank of America lowered Apple from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $180.00 to $220.00 in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and an average target price of $201.57.
Shares of Apple Inc. (AAPL) opened at $176.67 on Wednesday. The firm has a market cap of $896,430.00, a PE ratio of 17.29, a P/E/G ratio of 1.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple Inc. has a one year low of $137.05 and a one year high of $180.62.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 21.13% and a return on equity of 37.37%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 earnings per share. research analysts forecast that Apple Inc. will post 11.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 24.66%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the transaction, the insider now owns 17,341 shares in the company, valued at $2,942,594.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.
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.