APG Asset Management N.V. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 18.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,835,019 shares of the iPhone maker’s stock after purchasing an additional 1,544,200 shares during the period. Apple comprises 2.5% of APG Asset Management N.V.’s portfolio, making the stock its biggest position. APG Asset Management N.V. owned 0.19% of Apple worth $1,515,773,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Sky Asset Management LLC bought a new position in shares of Apple in the 2nd quarter worth $108,000. Hefty Wealth Partners raised its position in shares of Apple by 27.6% in the 2nd 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 raised its position in shares of Apple by 852.4% in the 2nd 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 bought a new position in shares of Apple in the 2nd quarter worth $122,000. Finally, Armbruster Capital Management Inc. raised its position in shares of Apple by 9.4% in the 2nd 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. 60.17% of the stock is owned by institutional investors and hedge funds.
In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock valued at $22,115,155 in the last ninety days. 0.08% of the stock is currently owned by insiders.
AAPL has been the subject of several recent research reports. Citigroup reissued a “buy” rating and issued a $200.00 price target on shares of Apple in a research report on Wednesday, December 13th. Drexel Hamilton restated a “buy” rating and set a $208.00 target price on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 target price (up from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $171.48 target price on the stock. in a research note on Monday, October 30th. Finally, Nomura set a $185.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and an average price target of $198.94.
Apple Inc. (NASDAQ:AAPL) opened at $177.09 on Friday. The firm has a market capitalization of $909,240.00, a PE ratio of 19.27, a P/E/G ratio of 1.43 and a beta of 1.23. Apple Inc. has a fifty-two week low of $118.22 and a fifty-two week high of $177.36. 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 (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
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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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