First American Trust FSB cut its holdings in Apple (NASDAQ:AAPL) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,424 shares of the iPhone maker’s stock after selling 8,875 shares during the quarter. Apple comprises 2.2% of First American Trust FSB’s holdings, making the stock its 8th biggest position. First American Trust FSB’s holdings in Apple were worth $9,041,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AAPL. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC bought a new stake in shares of Apple during the 2nd quarter worth approximately $122,000. Crow Point Partners LLC raised its stake in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares in the last quarter. Oak Point Wealth Management bought a new stake in shares of Apple during the 4th quarter worth approximately $163,000. Finally, Reaves W H & Co. Inc. bought a new stake in shares of Apple during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 61.33% of the company’s stock.
Shares of AAPL stock opened at $164.94 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 1 year low of $138.62 and a 1 year high of $183.50. The firm has a market capitalization of $856,747.19, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.28 and a beta of 1.19.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the prior year, the company earned $3.36 EPS. Apple’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts predict that Apple will post 11.4 earnings per share for the current year.
A number of brokerages have recently issued reports on AAPL. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price objective on the stock. in a research note on Wednesday, February 14th. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective on the stock in a research note on Thursday, January 18th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Friday, March 16th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price objective on shares of Apple in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and an average price target of $201.69.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated 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 in the company, valued at $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
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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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