Apple Inc. (AAPL) Shares Sold by Hendley & Co. Inc.


Hendley & Co. Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,926 shares of the iPhone maker’s stock after selling 145 shares during the period. Apple makes up about 4.6% of Hendley & Co. Inc.’s portfolio, making the stock its 4th largest position. Hendley & Co. Inc.’s holdings in Apple were worth $7,404,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. State Street Corp boosted its position in Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the period. Norges Bank acquired a new position in shares of Apple during the fourth quarter valued at approximately $5,625,709,000. Franklin Resources Inc. boosted its position in shares of Apple by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 25,455,705 shares of the iPhone maker’s stock valued at $2,948,422,000 after buying an additional 1,156,639 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Apple by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,526,123 shares of the iPhone maker’s stock valued at $1,914,178,000 after buying an additional 45,124 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock valued at $1,096,072,000 after buying an additional 8,571,027 shares during the last quarter. 58.76% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) opened at 155.45 on Friday. The firm has a 50-day moving average price of $149.57 and a 200 day moving average price of $132.53. The stock has a market capitalization of $810.49 billion, a PE ratio of 18.24 and a beta of 1.26. Apple Inc. has a 12 month low of $91.50 and a 12 month high of $156.65.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. The company had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. Equities analysts anticipate that Apple Inc. will post $8.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.52 dividend on an annualized basis and a yield of 1.62%. This is an increase from Apple’s previous quarterly dividend of $0.57. Apple’s dividend payout ratio is currently 27.31%.

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Several equities analysts have recently weighed in on AAPL shares. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $159.00 price objective (up from $152.00) on shares of Apple in a research report on Monday, April 3rd. Goldman Sachs Group Inc reissued a “buy” rating and issued a $150.00 price objective on shares of Apple in a research report on Wednesday, April 12th. Rosenblatt Securities reissued a “neutral” rating and issued a $120.00 price objective on shares of Apple in a research report on Monday, April 17th. FBN Securities increased their price objective on shares of Apple from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Finally, ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Apple presently has an average rating of “Buy” and a consensus target price of $159.65.

In other news, insider Philip W. Schiller sold 47,796 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total value of $6,850,122.72. Following the transaction, the insider now owns 94,010 shares in the company, valued at $13,473,513.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Johny Srouji sold 10,019 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $153.96, for a total value of $1,542,525.24. Following the completion of the transaction, the insider now owns 91,291 shares in the company, valued at approximately $14,055,162.36. The disclosure for this sale can be found here. Insiders have sold 430,705 shares of company stock worth $64,608,919 in the last quarter. 0.08% of the stock is currently owned by company insiders.

About Apple

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.

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