Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Apple Inc. (NASDAQ:AAPL) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,993 shares of the iPhone maker’s stock after buying an additional 700 shares during the quarter. Apple makes up approximately 1.6% of Farmers & Merchants Trust Co of Chambersburg PA’s holdings, making the stock its 19th largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Apple were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. James Investment Research Inc. grew its holdings in shares of Apple by 1,487.5% during the 2nd quarter. James Investment Research Inc. now owns 89,058 shares of the iPhone maker’s stock worth $12,826,000 after purchasing an additional 83,448 shares during the period. Abner Herrman & Brock LLC lifted its position in Apple by 1.1% during the 2nd quarter. Abner Herrman & Brock LLC now owns 9,109 shares of the iPhone maker’s stock worth $1,312,000 after acquiring an additional 102 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Apple by 502.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock worth $123,742,000 after acquiring an additional 716,683 shares in the last quarter. Woodstock Corp lifted its position in Apple by 2.2% during the 2nd quarter. Woodstock Corp now owns 60,902 shares of the iPhone maker’s stock worth $8,771,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Buffington Mohr McNeal acquired a new position in Apple during the 2nd quarter worth approximately $403,000. Institutional investors own 60.32% of the company’s stock.
In related news, insider Craig Federighi sold 63,163 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.07, for a total value of $9,984,175.41. Following the sale, the insider now owns 359,988 shares of the company’s stock, valued at $56,903,303.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 541,177 shares of company stock worth $85,864,804. 0.08% of the stock is owned by corporate insiders.
Several research firms recently commented on AAPL. Barclays PLC reissued a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Apple in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $172.00 target price on shares of Apple in a research report on Tuesday, September 5th. Royal Bank Of Canada upped their target price on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Apple in a research report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $193.05.
Shares of Apple Inc. (NASDAQ AAPL) traded up 3.275% on Friday, hitting $162.565. 26,946,496 shares of the stock were exchanged. The company’s 50 day moving average is $156.59 and its 200-day moving average is $152.47. The stock has a market cap of $839.69 billion, a PE ratio of 18.457 and a beta of 1.27. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion for the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 19.20% and a return on equity of 26.24%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. Analysts predict that Apple Inc. will post $9.00 EPS for the current fiscal year.
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Apple Company Profile
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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