Apple (AAPL) is Schwab Charles Investment Management Inc.’s Largest Position

Schwab Charles Investment Management Inc. lifted its position in Apple (NASDAQ:AAPL) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,262,302 shares of the iPhone maker’s stock after buying an additional 570,279 shares during the period. Apple makes up about 2.6% of Schwab Charles Investment Management Inc.’s portfolio, making the stock its largest position. Schwab Charles Investment Management Inc. owned approximately 0.38% of Apple worth $3,259,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Jarislowsky Fraser Ltd grew its position in Apple by 22.4% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after purchasing an additional 4,118 shares during the last quarter. Ramsay Stattman Vela & Price Inc. grew its position in Apple by 3.3% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after purchasing an additional 1,668 shares during the last quarter. Amalgamated Bank grew its position in Apple by 50.3% during the 2nd quarter. Amalgamated Bank now owns 615,763 shares of the iPhone maker’s stock worth $88,682,000 after purchasing an additional 206,045 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Apple during the 3rd quarter worth approximately $2,359,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Apple by 1.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,234,364 shares of the iPhone maker’s stock worth $190,240,000 after purchasing an additional 20,689 shares during the last quarter. 61.35% of the stock is currently owned by hedge funds and other institutional investors.

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Apple stock opened at $168.38 on Friday. Apple has a 52-week low of $140.06 and a 52-week high of $183.50. The firm has a market cap of $876,789.50, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the prior year, the firm posted $3.36 earnings per share. Apple’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts anticipate that Apple will post 11.37 EPS for the current fiscal year.

In related news, SVP Daniel J. Riccio sold 17,375 shares of the company’s 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 $11,194,221.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Several research firms have weighed in on AAPL. Nomura set a $175.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 target price on the stock. in a research report on Monday, April 2nd. Royal Bank of Canada set a $203.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday. UBS set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Finally, Goldman Sachs set a $159.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $202.52.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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