Handelsbanken Fonder AB reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590,800 shares of the iPhone maker’s stock after selling 20,000 shares during the period. Apple makes up 2.5% of Handelsbanken Fonder AB’s portfolio, making the stock its 6th biggest holding. Handelsbanken Fonder AB’s holdings in Apple were worth $91,054,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC purchased a new position in Apple in the second quarter worth $108,000. Hefty Wealth Partners grew its position in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares in the last quarter. FNY Managed Accounts LLC grew its position in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC purchased a new position in Apple in the second quarter worth $122,000. Finally, Armbruster Capital Management Inc. grew its position in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.
In other news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,412 shares of company stock worth $22,115,155. Corporate insiders own 0.06% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up $0.71 on Thursday, reaching $175.00. 11,044,366 shares of the company’s stock were exchanged, compared to its average volume of 23,896,229. The stock has a market capitalization of $898,120.00, a PE ratio of 19.04, a PEG ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 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 announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. sell-side analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.
Several analysts have weighed in on AAPL shares. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price target on shares of Apple in a research note on Tuesday, January 2nd. BMO Capital Markets reissued a “buy” rating and issued a $199.00 price target on shares of Apple in a research note on Wednesday, December 20th. Rosenblatt Securities set a $180.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $195.00 price target on shares of Apple in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $198.70.
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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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