Apple (AAPL) Holdings Raised by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA raised its holdings in Apple (NASDAQ:AAPL) by 39.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,060 shares of the iPhone maker’s stock after acquiring an additional 7,086 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Apple were worth $4,241,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AAPL. FNY Managed Accounts LLC raised its stake in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in shares of Apple during the 2nd quarter worth $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 buying an additional 500 shares during the last quarter. Oak Point Wealth Management acquired a new position in shares of Apple during the 4th quarter worth $163,000. Finally, Reaves W H & Co. Inc. acquired a new position in shares of Apple during the 2nd quarter worth $200,000. 61.35% of the stock is owned by institutional investors.

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AAPL opened at $168.38 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 stock has a market capitalization of $870,751.38, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.25. Apple has a 12 month low of $140.06 and a 12 month high of $183.50.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.36 EPS. sell-side analysts forecast that Apple will post 11.37 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. Nomura reaffirmed a “neutral” rating and set a $175.00 price target on shares of Apple in a research note on Monday, March 19th. BidaskClub downgraded Apple from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Finally, Bank of America reaffirmed an “outperform” rating and set a $220.00 price target on shares of Apple in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average target price of $202.52.

In other Apple news, insider Philip W. Schiller sold 69,491 shares of Apple stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of Apple stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the sale, the senior vice president now owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

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About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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