Burgundy Asset Management Ltd. lifted its stake in Apple (NASDAQ:AAPL) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,062,892 shares of the iPhone maker’s stock after purchasing an additional 2,830 shares during the quarter. Apple accounts for about 1.5% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 27th largest holding. Burgundy Asset Management Ltd.’s holdings in Apple were worth $163,813,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in AAPL. Chicago Partners Investment Group LLC lifted its stake in Apple by 2.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 34,445 shares of the iPhone maker’s stock worth $5,309,000 after acquiring an additional 804 shares in the last quarter. Institutional & Family Asset Management LLC lifted its stake in Apple by 7.3% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 39,937 shares of the iPhone maker’s stock worth $6,155,000 after acquiring an additional 2,719 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Apple in the 3rd quarter worth about $35,455,000. Public Employees Retirement System of Ohio lifted its stake in Apple by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,898,389 shares of the iPhone maker’s stock worth $600,820,000 after acquiring an additional 107,151 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in Apple by 0.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 245,979 shares of the iPhone maker’s stock worth $37,910,000 after acquiring an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.
Shares of Apple (NASDAQ:AAPL) opened at $178.02 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market capitalization of $906,472.44, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.35 and a beta of 1.19. Apple has a one year low of $138.62 and a one year high of $183.50.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.36 EPS. equities analysts forecast that Apple will post 11.43 earnings per share for the current year.
In related news, insider Daniel J. Riccio sold 15,641 shares of the business’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 sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on AAPL shares. Citigroup reaffirmed a “buy” rating and set a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Bank of America downgraded Apple from a “buy” rating to a “neutral” rating and raised their price target for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities raised their price target on Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Nomura set a $185.00 price target on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, UBS set a $190.00 price target 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, eighteen have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $201.53.
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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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