According to the most recent report that LVM Capital Management Ltd submitted to the Securities and Exchange Commission, the firm’s holdings in Apple INC (NASDAQ: AAPL) were reduced by 1.6% during the quarter that ended in December.
The fund had 427,349 of the company’s shares at the end of the quarter, having sold 7,165 shares of the iPhone maker’s stock during the period.
Apple represents approximately 8.0% of LVM Capital Management Ltd’s holdings, making it the company in which the firm has the largest stake in any individual business.
At the end of the most recent fiscal quarter, the value of LVM Capital Management Ltd’s holdings in Apple was calculated to be $55,525,000.
On Thursday, February 2, Apple (NASDAQ: AAPL) provided the public with a report detailing the financial results of its most recent fiscal quarter.
The company that makes the iPhone reported earnings of $1.88 per share for the quarter, below the consensus estimate of $1.93 by $0.05.
Apple’s return on equity was 163.45%, and the company’s net margin was 24.56%.
Both of these figures are percentages.
The revenue for the quarter came in at $117.15 billion, which was significantly lower than the consensus expectation of $121.67 billion anticipated by the market.
The company made a profit of $2.10 per share during the same period the year before compared to the current year.
The revenue the company brought in during the quarter was 5.5% lower compared to the same period that occurred the year before.
Analysts focusing on equity analysis anticipate Apple INC will generate $6.04 in earnings per share this year.
On Thursday, the price of a share of Apple’s stock began the trading day at $152.99.
The share price of Apple INC has fluctuated between a low of $124.17 and a high of $179.61 over the past 52 weeks.
A price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.97, and a beta value of 1.30 have been calculated for the company.
The company currently has a market capitalization of $2.42 quadrillion dollars.
The moving averages of the company over the past 50 days are $145.51, and over the last 200 days, they are, respectively, $145.38.
A debt-to-equity ratio comes in at 1.76; a quick ratio at 0.89; a current ratio at 0.94; and a quick ratio at 0.89.
There have been several transactions in which hedge funds bought or sold company stock.
IFM Investments Pty Ltd increased the percentage of Apple stock owned by 20.0% over the first three months of 2018.
IFM Investments Pty Ltd now has 2,615,701 shares of the iPhone manufacturer’s stock after purchasing an additional 435,891 shares during the most recent period.
The stock is currently valued at $456,728,000, and IFM Investments Pty Ltd has 2,615,701 shares.
Ironwood Wealth Management LLC increased the percentage of Apple stock owned by 0.4% over the year’s first three months.
After making an additional investment of 1,040 shares over the preceding three months, Ironwood Wealth Management LLC now holds a total of 240,628 shares of the iPhone manufacturer’s stock, which provides the business with a market value of $42,016,000.
The amount of Apple stock that Markel Corporation owned increased by 0.7% over the year’s first three months.
Markel Corporation made an additional purchase of 8,450 shares of Apple stock during the month, bringing the total number of shares it owns to 1,206,990, with a value of $210,752,000.
During the first three months of the year, Camden Capital LLC increased the number of Apple shares it held in its portfolio by 9.2%.
After purchasing an additional 13,200 shares during the most recent quarter, Camden Capital LLC now directly owns 156,364 shares of Apple stock, valued at $27,305,000.
This brings the total number of shares directly owned by the company to 156,364.
A final point of interest is that Harbor Island Capital LLC raised its stake in Apple by 0.3% during the first quarter of this year. Following the purchase of an additional 400 shares of the iPhone manufacturer’s stock during the period, Harbor Island Capital LLC now owns 135,325 shares of that company’s stock, which has a market value of $23,629,000. Currently, institutions own 57.60% of the common stock of the company.
In addition, the business only very recently announced and paid a quarterly dividend, which was paid out on February 16.
This dividend was distributed. On Monday, February 13, dividend payments were sent out to stockholders whose information was already on file on February 16.
This dividend was distributed. On Monday, February 13, dividend payments were sent to stockholders whose information was already on file.
The amount of each dividend payment was $0.23 per share. On February 10, a Friday, shareholders will no longer receive a dividend for this investment.
This represents an increase of $0.17 over the company’s dividend during the previous quarter.
This translates to a yield of 0.60% and a dividend payment of $0.92 per year for the investor.
Apple has a payout ratio for dividends that is currently at 15.62 percent as of right now.
Those analysts have published recent Research on the stock that several analysts believe to be relevant in the last few weeks. JPMorgan Chase & Co issued a research note on Apple shares on March 1 and recommended a price objective of $175.00 for the stock.
The note was published on Apple’s stock.
The investment advisory firm Sanford C.
Bernstein predicted that Apple’s share price would reach $125 in a research report that was made public on January 24. Oppenheimer decreased its price target for Apple from $190.00 to $170.00 and assigned the company an “outperform” rating for the business in a report published on Monday, December 12. Fundamental Research reaffirmed its “buy” rating on shares of Apple on Tuesday, February 14, and set a price objective of $168.00 for the company at that time. Wedbush increased its target price on Apple from $180.00 to $190.00 and assessed the company as having an “outperform” rating in a research note published on March 8.
The stock has received a recommendation to purchase from 26 of the equity research experts, a recommendation to maintain ownership from 5, and a recommendation to dispose of it from 2.
The website Bloomberg.com cites a consensus rating for the company of “Moderate Buy” and an average price goal of $168.24 for the company’s stock.