Updating Apple Inc., Gannett Co., and Genuine Parts Co.

Article Excerpt

APPLE INC. $90 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 6.0 billion; Market cap: $540.0 billion; Price-to-sales ratio: 3.2; Dividend yield: 2.1%; TSINetwork Rating: Average; www.apple.com) has agreed to a settle a lawsuit that accused the company and five publishers of working together to illegally increase e-book prices. The company did not say how much it would pay, but the lawsuit was seeking $840 million in damages. To put this in context, Apple held cash and investments of $150.6 billion, or $24.96 a share, as of March 29, 2014 (all per-share amounts adjusted for a 7-for-1 stock split in June 2014). Apple is a hold. GANNETT CO., INC. $31 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 226.8 million; Market cap: $7.0 billion; Price-to-sales ratio: 1.3; Dividend yield: 2.6%; TSINetwork Rating: Average; www.gannett.com) has completed the sale of two TV stations in Phoenix and one in St. Louis for a total of $407.5 million. The cash…