Reik & CO. LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 15.2% in the course of the third quarter, in keeping with its most up-to-date 13F submitting with the SEC. The agency owned 19,909 shares of the iPhone maker’s inventory after promoting 3,565 shares in the course of the interval. Apple makes up roughly 1.0% of Reik & CO. LLC’s holdings, making the inventory its fifteenth largest holding. Reik & CO. LLC’s holdings in Apple had been value $3,409,000 on the finish of the latest reporting interval.

A number of different hedge funds and different institutional buyers have additionally not too long ago modified their holdings of the enterprise. Atlantic Non-public Wealth LLC bought a brand new place in shares of Apple in the course of the first quarter value roughly $30,000. Cheyne Capital Administration UK LLP elevated its place in Apple by 200.0% in the course of the third quarter. Cheyne Capital Administration UK LLP now owns 275 shares of the iPhone maker’s inventory valued at $212,000 after buying a further 550 shares in the course of the interval. West Tower Group LLC bought a brand new place in Apple in the course of the 2nd quarter valued at about $64,000. HBC Monetary Companies PLLC elevated its place in Apple by 21.7% in the course of the 1st quarter. HBC Monetary Companies PLLC now owns 448 shares of the iPhone maker’s inventory valued at $49,000 after buying a further 80 shares in the course of the interval. Lastly, PayPay Securities Corp elevated its place in Apple by 70.2% in the course of the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s inventory valued at $87,000 after buying a further 210 shares in the course of the interval. 58.51% of the inventory is at the moment owned by hedge funds and different institutional buyers.

Apple Buying and selling Down 0.6 %

Shares of NASDAQ:AAPL opened at $179.66 on Friday. Apple Inc. has a 1 12 months low of $143.90 and a 1 12 months excessive of $199.62. The agency has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of two.18 and a beta of 1.31. The corporate has a debt-to-equity ratio of 1.28, a present ratio of 1.07 and a fast ratio of 1.02. The enterprise’s 50 day shifting common value is $186.88 and its 200-day shifting common value is $183.73.

Apple (NASDAQ:AAPL – Get Free Report) final launched its earnings outcomes on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The enterprise had income of $119.60 billion for the quarter, in comparison with the consensus estimate of $117.99 billion. Apple had a return on fairness of 156.04% and a internet margin of 26.16%. The enterprise’s quarterly income was up 2.1% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $1.88 earnings per share. On common, equities analysis analysts forecast that Apple Inc. will publish 6.56 earnings per share for the present fiscal 12 months.

Apple Proclaims Dividend

The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, February fifteenth. Stockholders of report on Monday, February twelfth got a $0.24 dividend. The ex-dividend date of this dividend was Friday, February ninth. This represents a $0.96 annualized dividend and a dividend yield of 0.53%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Exercise

In different Apple information, Director Arthur D. Levinson bought 100,000 shares of the agency’s inventory in a transaction that occurred on Thursday, February twenty ninth. The shares had been bought at a median value of $180.94, for a complete worth of $18,094,000.00. Following the transaction, the director now instantly owns 4,434,576 shares of the corporate’s inventory, valued at roughly $802,392,181.44. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered on the SEC web site. Firm insiders personal 0.06% of the corporate’s inventory.

Analyst Upgrades and Downgrades

A number of analysis companies have issued studies on AAPL. Morgan Stanley lifted their goal value on Apple from $210.00 to $220.00 and gave the corporate an “obese” score in a analysis notice on Friday, December eighth. Needham & Firm LLC reiterated a “purchase” score and issued a $220.00 goal value on shares of Apple in a analysis notice on Friday, February 2nd. Robert W. Baird boosted their goal value on Apple from $186.00 to $200.00 and gave the inventory an “outperform” score in a analysis notice on Monday, January twenty ninth. Oppenheimer restated an “outperform” score and set a $200.00 goal value on shares of Apple in a analysis notice on Friday, February 2nd. Lastly, The Goldman Sachs Group boosted their goal value on Apple from $223.00 to $232.00 and gave the inventory a “purchase” score in a analysis notice on Friday, February 2nd. One analysis analyst has rated the inventory with a promote score, eleven have issued a maintain score, twenty-one have given a purchase score and one has issued a powerful purchase score to the corporate’s inventory. In response to MarketBeat.com, Apple has a median score of “Average Purchase” and a consensus value goal of $205.27.

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Apple Firm Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, private computer systems, tablets, wearables, and equipment worldwide. The corporate provides iPhone, a line of smartphones; Mac, a line of private computer systems; iPad, a line of multi-purpose tablets; and wearables, dwelling, and equipment comprising AirPods, Apple TV, Apple Watch, Beats merchandise, and HomePod.

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