Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,850 shares of the iPhone maker’s stock after selling 115 shares during the period. Apple accounts for 2.9% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 6th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Apple were worth $24,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Apple during the second quarter worth about $27,000. Milestone Resources Group Ltd boosted its position in Apple by 57.7% during the 2nd quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock worth $30,000 after buying an additional 79 shares during the period. Pinz Capital Management LP bought a new stake in Apple during the 1st quarter worth approximately $72,000. Kessler Investment Group LLC increased its position in Apple by 585.7% in the 2nd quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock valued at $79,000 after acquiring an additional 492 shares during the period. Finally, Geo Capital Gestora de Recursos Ltd raised its stake in shares of Apple by 135.6% during the first quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock valued at $80,000 after acquiring an additional 377 shares during the last quarter. 56.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the company. Cowen restated an “outperform” rating and issued a $180.00 price objective on shares of Apple in a report on Wednesday. Morgan Stanley raised their price objective on Apple from $166.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. DZ Bank reiterated a “buy” rating on shares of Apple in a report on Tuesday, August 10th. Fundamental Research raised their price target on shares of Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a report on Tuesday, August 31st. Finally, UBS Group set a $175.00 price objective on shares of Apple in a research note on Monday, September 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $161.68.
Shares of NASDAQ AAPL opened at $146.06 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The company has a 50-day moving average price of $148.54 and a 200-day moving average price of $135.45. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 28.58, a P/E/G ratio of 2.10 and a beta of 1.20. Apple Inc. has a 1 year low of $103.10 and a 1 year high of $157.26.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.29. The business had revenue of $81.40 billion for the quarter, compared to analysts’ expectations of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 5.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Apple’s payout ratio is 26.83%.
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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