Rothschild Investment Corp IL reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,997 shares of the iPhone maker’s stock after selling 9,069 shares during the period. Apple accounts for about 3.5% of Rothschild Investment Corp IL’s portfolio, making the stock its largest holding. Rothschild Investment Corp IL’s holdings in Apple were worth $30,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of AAPL. Blue Sky Asset Management LLC acquired a new position in Apple in the second quarter valued at approximately $108,000. Hefty Wealth Partners lifted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the last quarter. FNY Managed Accounts LLC lifted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in Apple in the second quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. lifted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 60.17% of the company’s stock.
A number of research analysts recently commented on the company. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a report on Monday. UBS Group set a $190.00 price target on Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Barclays set a $162.00 price target on Apple and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price target on shares of Apple in a research note on Tuesday, January 2nd. Finally, Rosenblatt Securities set a $180.00 price target on Apple and gave the stock a “buy” rating in a research note on Monday, January 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $198.70.
In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock worth $22,115,155 in the last three months. 0.06% of the stock is currently owned by corporate insiders.
Apple Inc. (AAPL) opened at $174.33 on Wednesday. The company has a market capitalization of $895,060.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a twelve month low of $118.21 and a twelve month high of $177.20.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. equities analysts expect that Apple Inc. will post 11.18 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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