AAPL Stock: Callan Capital LLC Invests $263,000 in Apple Inc

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Callan Capital LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,826 shares of the iPhone maker’s stock, valued at approximately $263,000.

A number of other institutional investors also recently modified their holdings of AAPL. LaFleur & Godfrey LLC purchased a new stake in shares of Apple in the 1st quarter valued at $28,234,000. Verity & Verity LLC boosted its holdings in shares of Apple by 4.3% in the 1st quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock valued at $8,557,000 after acquiring an additional 2,471 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Apple by 23.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares during the last quarter. Orca Investment Management LLC boosted its holdings in shares of Apple by 78.2% in the 1st quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock valued at $3,596,000 after acquiring an additional 10,986 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Apple by 2.8% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock valued at $10,837,000 after acquiring an additional 2,065 shares during the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.

In related news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on 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 is accessible through this link. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last three months, insiders sold 232,967 shares of company stock valued at $37,944,683. Insiders own 0.08% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at $172.74 on Thursday. 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 12 month low of $114.76 and a 12 month high of $176.24. The company has a market cap of $884,490.00, a P/E ratio of 18.66, a PEG ratio of 1.37 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts expect that Apple Inc. will post 11.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s payout ratio is 27.42%.

A number of analysts recently issued reports on AAPL shares. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target on the stock in a report on Thursday, August 17th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Drexel Hamilton reaffirmed a “buy” rating and set a $208.00 price objective on shares of Apple in a report on Thursday, August 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 22nd. Finally, UBS reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $197.57.

Apple Company 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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