Cim LLC's holdings in Apple were worth $10,398,000 at the end of the most recent reporting period. According to Kuo the dual-SIM feature could also assist Apple in increasing its Chinese market share.
Apple's stock price rose nearly 4% to $176.57 on Wednesday, at the high end of the price range where it has been mired since early November. Crossvault Capital Management LLC grew its position in shares of Apple by 0.5% in the third quarter. Nadler Financial Group Inc. now owns 57,894 shares of the iPhone maker's stock worth $9,797,000 after acquiring an additional 305 shares in the last quarter. Atlantic Trust Group LLC now owns 3,641,534 shares of the iPhone maker's stock valued at $561,233,000 after purchasing an additional 968,385 shares during the last quarter.
AAPL has been the subject of a number of recent research reports.
The amount Apple spent buying its shares in those three months exceeded the stock market value of most companies in the S&P 500 index. Canaccord Genuity upped their price target on shares of Apple from $200.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday.
BTIG reiterated its Buy rating and raised its target price to $207 from $198. But an 11 per cent increase in their average price - driven by the US$1,000 iPhone X - helped raise iPhone revenue by 14 per cent. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
In other news, SVP Daniel J. Riccio sold 17,375 shares of Apple stock in a transaction on Wednesday, April 4th. Its manufacturer Wistron already has a unit in Bengaluru's industrial hub of Peenya where it has been assembling the low-priced iPhone SE since previous year. Institutional investors own 61.18% of the company's stock. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. Notably, however, it doesn't appear that Apple is switching to a USB-C interface, but rather merely bundling a USB-C capable adapter, essentially a lower-powered version of its current 29W USB-C power adapter, and the company's standard USB-C to Lighting Cable. The firm has a market cap of $838,531.38, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26.
(NASDAQ:AAPL) revenue Grows 16% and EPS grows 30% to new March Quarter records. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks' consensus estimate of $3.82 by $0.07. Netflix's so-called "contribution margin" for its streaming business - the metric the company uses to gauge margins on that segment - was 37 per cent in 2017.
Apple CEO Tim Cook recognised the low share that the smartphone maker has in India, a market where it reported record revenue growth in the first six months of its fiscal year and whose expanding middle class and expansion into 4G offers a strong growth opportunity amid slowing global demand for the devices. That's up 31% from the same point a year ago. "So we continue to put great energy there and try to - our objective over time is to go in there with all of our different initiatives from retail and everything else", Cook said in an earnings call with analysts after the company announced its best-ever overall March quarter results, with revenue of $61 billion, up 16% on-year, and net income of $13.8 billion, for the quarter ended March 2018. This represents a $2.92 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 11th. Apple's payout ratio is presently 27.36%. One driver of the stock aside from the earnings is a massive $100 billion share buyback plan that effectively has not been challenged by any other company in the world.