Monetta Financial Services Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 280.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,000 shares of the iPhone maker’s stock after buying an additional 42,000 shares during the quarter. Apple accounts for 5.6% of Monetta Financial Services Inc.’s investment portfolio, making the stock its 6th largest holding. Monetta Financial Services Inc.’s holdings in Apple were worth $6,601,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in AAPL. Lountzis Asset Management LLC bought a new stake in Apple during the second quarter worth $26,000. GW&K Investment Management LLC bought a new stake in Apple during the second quarter worth $36,000. Fure Financial Corp bought a new stake in Apple during the third quarter worth $37,000. Ruggie Capital Group bought a new stake in Apple during the third quarter worth $41,000. Finally, Sage Financial Group Inc. grew its holdings in Apple by 300.0% during the third quarter. Sage Financial Group Inc. now owns 492 shares of the iPhone maker’s stock worth $57,000 after buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 59.65% of the company’s stock.
NASDAQ:AAPL opened at $117.34 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1,994.99 billion, a P/E ratio of 35.99, a PEG ratio of 2.73 and a beta of 1.36. The business’s 50-day moving average price is $116.43 and its two-hundred day moving average price is $103.03. Apple Inc. has a twelve month low of $53.15 and a twelve month high of $137.98.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, November 3rd. The iPhone maker reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $64.70 billion for the quarter, compared to analyst estimates of $63.33 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.03 EPS. On average, equities research analysts expect that Apple Inc. will post 4.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 12th. Stockholders of record on Monday, November 9th were given a dividend of $0.205 per share. The ex-dividend date was Friday, November 6th. This represents a $0.82 annualized dividend and a dividend yield of 0.70%. Apple’s dividend payout ratio (DPR) is presently 25.00%.
In other news, COO Jeffrey E. Williams sold 257,343 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $113.59, for a total transaction of $29,231,591.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $496.91, for a total value of $131,760,655.60. The disclosure for this sale can be found here. Insiders have sold a total of 828,974 shares of company stock worth $196,862,482 over the last quarter. Corporate insiders own 0.05% of the company’s stock.
A number of research analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $125.00 price objective (up previously from $105.00) on shares of Apple in a research note on Monday, September 14th. Canaccord Genuity upped their price objective on Apple to $145.00 in a research note on Tuesday, September 1st. Loop Capital reduced their price objective on Apple from $115.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Monness Crespi & Hardt upped their price objective on Apple from $117.50 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, BNP Paribas upgraded Apple from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $140.00 in a research note on Friday, September 25th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $111.70.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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