Investment House LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,439 shares of the iPhone maker’s stock after buying an additional 1,084 shares during the period. Apple comprises about 5.5% of Investment House LLC’s holdings, making the stock its 2nd largest position. Investment House LLC’s holdings in Apple were worth $42,451,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its holdings in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares in the last quarter. Karp Capital Management Corp lifted its holdings in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares in the last quarter. Welch Investments LLC lifted its holdings in Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. Finally, Accurate Investment Solutions Inc. lifted its holdings in Apple by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock valued at $951,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.
A number of research firms have issued reports on AAPL. Atlantic Securities lowered shares of Apple from an “overweight” rating to a “neutral” rating and upped their target price for the company from $177.35 to $190.00 in a report on Monday. They noted that the move was a valuation call. Nomura set a $185.00 target price on shares of Apple and gave the company a “buy” rating in a report on Monday, September 25th. KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and upped their target price for the company from $173.75 to $187.00 in a report on Monday, October 16th. Sanford C. Bernstein restated a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, September 26th. Finally, Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 price objective on the stock. in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $200.59.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $177.00 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $908,770.00, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Apple Inc. has a one year low of $119.50 and a one year high of $180.10.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The company 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%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. equities research analysts anticipate that Apple Inc. will post 11.15 EPS for the current fiscal year.
In other news, 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 transaction of $11,215,947.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last three months. Corporate insiders own 0.06% of the company’s stock.
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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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