Northern Capital Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,207 shares of the iPhone maker’s stock after acquiring an additional 4,990 shares during the period. Apple comprises about 2.5% of Northern Capital Management LLC’s portfolio, making the stock its biggest position. Northern Capital Management LLC’s holdings in Apple were worth $8,046,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Berkshire Hathaway Inc. grew its position in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the last quarter. Capital Research Global Investors grew its position in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc grew its position in shares of Apple by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after buying an additional 771,046 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Apple by 1.5% in the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after buying an additional 275,400 shares during the last quarter. Institutional investors and hedge funds own 60.19% of the company’s stock.
In other news, insider Daniel J. Riccio sold 15,641 shares of the firm’s 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 completion of the transaction, the insider now directly 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 available through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was 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 valued at $22,115,155 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Apple Inc. (AAPL) opened at $179.10 on Thursday. Apple Inc. has a twelve month low of $119.37 and a twelve month high of $179.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $919,560.00, a price-to-earnings ratio of 19.49, a PEG ratio of 1.44 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. research analysts anticipate that Apple Inc. will post 11.18 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Longbow Research lowered Apple from a “buy” rating to a “neutral” rating in a research report on Wednesday. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and upped their price target for the company from $180.00 to $220.00 in a research report on Wednesday. Nomura set a $185.00 price target on Apple and gave the company a “buy” rating in a research report on Monday, September 25th. KeyCorp upgraded Apple from a “sector weight” rating to an “overweight” rating and upped their price target for the company from $173.75 to $187.00 in a research report on Monday, October 16th. Finally, Maxim Group reiterated a “buy” rating and issued a $182.00 price target on shares of Apple in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $199.83.
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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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