Moors & Cabot Inc. Buys 16,842 Shares of Apple (NASDAQ:AAPL)

Moors & Cabot Inc. lifted its position in shares of Apple (NASDAQ:AAPL) by 25.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,595 shares of the iPhone maker’s stock after acquiring an additional 16,842 shares during the quarter. Apple makes up about 1.9% of Moors & Cabot Inc.’s investment portfolio, making the stock its 3rd largest position. Moors & Cabot Inc.’s holdings in Apple were worth $12,886,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Janus Henderson Group PLC increased its holdings in Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Capital Research Global Investors increased its holdings in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Stifel Financial Corp increased its holdings in Apple by 9,166.4% in the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after purchasing an additional 3,841,842 shares during the last quarter. Harding Loevner LP increased its holdings in Apple by 784,734.3% in the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after purchasing an additional 3,295,884 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Apple by 200.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares during the last quarter. Institutional investors own 61.35% of the company’s stock.

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A number of research analysts have issued reports on the company. Nomura set a $175.00 target price on Apple and gave the company a “neutral” rating in a research note on Tuesday. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 target price for the company. in a research note on Monday, April 2nd. Royal Bank of Canada set a $203.00 target price on Apple and gave the company a “buy” rating in a research note on Tuesday. UBS set a $190.00 target price on Apple and gave the company a “buy” rating in a research note on Tuesday, March 27th. Finally, Goldman Sachs set a $159.00 target price on Apple and gave the company a “neutral” rating in a research note on Tuesday. One investment 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 issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $202.52.

In related news, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares in the company, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Shares of NASDAQ AAPL opened at $168.38 on Friday. The company has a market cap of $870,751.38, a PE ratio of 18.28, a PEG ratio of 1.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple has a 1-year low of $140.06 and a 1-year high of $183.50.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. The company 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%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 earnings per share. equities research analysts predict that Apple will post 11.37 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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