Ltd. now owns 9,457,769 shares of the iPhone maker's stock worth $1,096,072,000 after buying an additional 8,571,027 shares during the period. SFE Investment Counsel's holdings in Apple were worth $11,509,000 as of its most recent SEC filing.
While the iPhone 8 could be available in limited quantity, other models might not face the issue. Norges Bank purchased a new stake in Apple during the fourth quarter valued at $5,625,709,000. Franklin Resources Inc. boosted its position in Apple by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 25,455,705 shares of the iPhone maker's stock worth $2,948,422,000 after buying an additional 1,156,639 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new position in Apple during the fourth quarter valued at approximately $365,191,000. Fisher Asset Management LLC raised its position in Apple by 1.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker's stock worth $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter.
Apple Inc. has a 1-year low of $102.53 and a 1-year high of $161.83. The stock's 50-day moving average price is $149.58 and its 200-day moving average price is $144.00. Apple also saw unusually large options trading on Tuesday. Institutional investors own 61.13% of the company's stock.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.10. Apple had a net margin of 19.20% and a return on equity of 26.24%. During the same period last year, the business earned $1.42 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. "This is a drastic change from the rose gold colour". This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.60%. Apple's dividend payout ratio is currently 28.64%.
If wireless charging was going to be a deciding factor between the iPhone 8 vs iPhone 7S Plus then you may be excited to know that it looks like both devices could have the new feature. This repurchase authorization authorizes the iPhone maker to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
TRADEMARK VIOLATION WARNING: "Apple Inc. (AAPL) is Oregon Public Employees Retirement Fund's Largest Position" was first posted by BNB Daily and is the property of of BNB Daily.
In another tweet, Troughton-Smith also provided the notch height and width of the curved corners of the iPhone 8's edge-to-edge screen. Cowen and Company reissued a "neutral" rating on shares of Apple in a research report on Friday, April 14th. Morgan Stanley reiterated an overweight rating and issued a $177.00 target price (up previously from $161.00) on shares of Apple in a research report on Wednesday, May 17th. The company presently has an average rating of "Buy" and an average price target of $167.35. Also, insider Craig Federighi sold 63,163 shares of Apple stock in a transaction on Monday, August 7th. Following the transaction, the senior vice president now directly owns 96,738 shares of the company's stock, valued at $14,820,261.60.
In related news, insider Daniel J. Riccio sold 11,949 shares of the company's stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. It is not as tall as the S8, but the aspect ratio of the two should be the same.
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